Rekha Jhunjhunwala-Backed Multibagger Water Treatment Company Secures Large BWSSB Order for Bengaluru Wastewater Projects; Shares Jump 4.5%

On Monday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 121.20 points, or 0.50 per cent, to 24,213.10. Despite the weak broader market sentiment, VA Tech WABAG share price surged 4.56 per cent to Rs 2,081.90, gaining Rs 90.80, after the company secured a 'Large' order from the Bangalore Water Supply and Sewerage Board (BWSSB) for wastewater treatment projects in Bengaluru.

VA Tech WABAG Secures Large BWSSB Order

The domestic contract covers the Design, Build and Operate (DBO) of a 100 MLD Sewage Treatment Plant (STP) and a 25 MLD Tertiary Treatment Plant (TTP) at Byramangala, along with a 60 MLD STP at Bellandur. The company had earlier executed the first phase of the Bellandur project and has now secured the second phase.

The scope of work includes Design, Engineering, Procurement, Construction and Commissioning (EPC) of the treatment plants along with biogas-based captive power generation. The sewage treatment plants will use the Activated Sludge Process integrated with a Biological Nutrient Removal system, while the tertiary treatment plant at Byramangala will deploy Ultrafiltration technology to produce high-quality treated water suitable for distribution to nearby water bodies.

The EPC phase is expected to be completed within 36 months, followed by a seven-year Operations and Maintenance (O&M) period during which the company will be responsible for the efficient operation of the facilities.

Sustainable Infrastructure Focus

The projects are aimed at strengthening Bengaluru's wastewater treatment infrastructure while supporting water reuse and environmental sustainability. The facilities will incorporate anaerobic sludge digestion integrated with biogas-based captive power generation, helping reduce greenhouse gas emissions, lower energy consumption and improve resource recovery.

The order also includes process engineering, electrical engineering, instrumentation and control systems, building services and long-term operations and maintenance. The company clarified that the contract does not involve any related-party transactions and that neither the promoter nor the promoter group has any interest in the awarding authority.

Commenting on the order wins, S. Natrajan, Vice President & Head – Sales and Marketing, India Cluster, said the twin orders from BWSSB reinforce WABAG's leadership in India's municipal wastewater treatment sector and reflect the company's commitment to delivering sustainable, resilient and future-ready water infrastructure. He added that the energy-efficient wastewater treatment facilities, integrated with biogas-based power generation, will serve as a scalable model for resource recovery, circularity and energy optimisation while significantly enhancing Bengaluru's sewage treatment capacity. According to him, the projects will promote environmentally responsible wastewater management, support Karnataka's water security objectives and strengthen the long-term sustainability and resilience of the city's water ecosystem.
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Shareholding Pattern

According to the March 2026 shareholding pattern, promoters held 19.09 per cent stake in the company. Foreign Institutional Investors (FIIs) owned 16.60 per cent, while Domestic Institutional Investors (DIIs) held 5.77 per cent. Public shareholding stood at 58.54 per cent. Ace investor Rekha Jhunjhunwala held 8.02 per cent of the company's equity, making her one of the largest public shareholders.

About VA Tech WABAG

VA Tech WABAG Limited is a leading water and wastewater treatment company providing end-to-end EPC and Operations & Maintenance solutions across municipal and industrial water infrastructure. Its portfolio includes desalination plants, sewage treatment plants, industrial effluent treatment systems, water recycling and reuse projects, and sludge-to-energy solutions.

During FY2024-25, the company reported consolidated revenue of Rs 3,294 crore and has executed more than 6,500 water treatment plants across over 25 countries, serving municipal and industrial customers globally.

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Disclaimer: The article is for informational purposes only and should not be construed as investment advice.