₹16,300 Crore Order Book: This Jhunjunwala-backed Company Secures WWTP Project in Georgia
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VA Tech Wabag Ltd wins WWTP contract in Georgia, expanding its global footprint and driving a Rs 15.7 crore gain for investor Rekha Jhunjhunwala.
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On March 20, 2026, VA Tech Wabag Ltd secured a consortium award classified as a “Large” order from United Water Supply Company of Georgia LLC. This would mean an order ranging between USD 30-75 million.
Funded by the European Investment Bank, the project will build a modern wastewater and sludge treatment facility in Kutaisi, the third-largest city in the country. The project involves the Construction of a 19 million Litres Per Day (MLD) wastewater treatment plant in Georgia. The plant can be expanded to 56 MLD in the future.
The EPC scope includes demolishing the old plant, constructing a new one, and installing a pipeline to discharge treated water into the river. As the consortium leader, VA Tech Wabag Ltd will handle design, engineering, supply, installation, and commissioning, along with training staff and overseeing operations for 12 months.
The plant will use advanced mechanical and biological treatment with nutrient removal based on the activated sludge process, along with final sedimentation and UV disinfection. It will also include sludge treatment, Solar sludge drying, odour control systems, and pumping infrastructure. This project marks WABAG’s entry into the CIS region and the Georgian market.
Mahmut Gedek, CEO – Europe Cluster, shared his views on the development, stating:
“We are proud to secure the Kutaisi WWTP contract, marking WABAG’s entry into Georgia, and we thank our customer for their trust. Leveraging our experience, we have delivered a technically robust and commercially competitive solution ensuring safe discharge into the River Rioni, and sustainable sludge management. The project will bring lasting environmental, health, and social benefits to the residents of Kutaisi.”
Rekha Jhunjhunwala Gains Rs 15.7 crore as WABAG Shares Rise
Rekha Rakesh Jhunjhunwala holds 50,00,000 shares (8.0 per cent) in VA Tech Wabag Ltd. With today’s price rise of Rs 31.40 per share, the value of her holding increased by approximately Rs 15.7 crore (50,00,000 × Rs 31.40).
With over a century of expertise, VA Tech Wabag Ltd stands as a global leader in water technology, delivering innovative and sustainable solutions for both municipal and industrial needs. As a pure-play Indian Water Technology Multinational, VA Tech Wabag provides end-to-end water solutions tailored to diverse requirements across the world.
VA Tech Wabag Ltd Share Price Performance
Following the announcement, shares of VA Tech Wabag Ltd rose 2.61 per cent to Rs 1,232.30 in the early trade on March 20, 2026. The stock opened at Rs 1,225 and touched an Intraday high of Rs 1,247.40, compared to its previous close of Rs 1,200.90.
However, on a year-to-date (YTD) basis, VA Tech Wabag Ltd share prices are down 6.30 per cent, while they have declined 10.95 per cent over the past year.
Disclaimer: The article is for informational purposes only and not investment advice.