Rekha Jhunjhunwala-Backed Wastewater Treatment Company Secures Large International Order In UAE; DII Stake Increases

On Tuesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.31 per cent to 23,194.20. Amid the positive market sentiment, VA Tech WABAG share price traded at Rs 1,579.00, up 2.25 per cent from the previous close after the company announced a large international order for a sewage treatment project in the United Arab Emirates.

WABAG Consortium Secures UAE Order

VA Tech WABAG announced that its consortium has secured a Design & Build contract for the proposed Ajman Sewage Biorefinery Plant – Phase 3 from Ajman Sewerage (Private) Company Limited in the United Arab Emirates. WABAG will act as the consortium leader for the project.

The order has been classified as a "Large" international order, which according to the company's classification framework represents a project value in the range of USD 30 million to USD 75 million.

Project Scope And Execution Timeline

The project includes the design, engineering, procurement and Construction of a 60 MLD sewage treatment plant along with inlet works, primary and secondary treatment systems, and sludge management facilities comprising digesters, gas holders, scrubbers and power generation systems. The scope also includes odor control systems and disc filtration units to achieve the required treated water quality standards.

The project is scheduled to be executed over a period of 24 months. The company clarified that the order has been awarded by an international entity and does not fall under related-party transactions. Further, neither the promoter nor promoter group has any interest in the awarding entity.

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Management Commentary

Commenting on this development, Mr. Rohan Mittal, Head – Strategy and Business Growth – GCC, said: "This project marks our strategic entry into the UAE market and represents an important milestone in our Middle East growth journey, a region we have identified as a key growth engine for the future. Beyond expanding our geographic footprint, this project reinforces our ability to compete and succeed in one of the world's most dynamic and strategically important water infrastructure markets. The UAE's sharp focus on water security, sustainability, and infrastructure resilience creates a strong long-term opportunity landscape, and this win positions us well to participate meaningfully in the region's next phase of growth."

VA Tech WABAG Shareholding Pattern

According to the latest shareholding pattern for the quarter ended March 2026, Domestic Institutional Investors (DIIs) increased their stake in the company to 5.77 per cent from 4.32 per cent in December 2025. During the same period, Foreign Institutional Investors (FIIs) reduced their holding to 16.60 per cent from 18.97 per cent.

Among public shareholders, Rekha Jhunjhunwala held a 8.02 per cent stake in the company as of March 2026, compared with 8.03 per cent in the December 2025 quarter.

About VA Tech WABAG

VA Tech WABAG Ltd is a multinational water technology company focused on water and wastewater treatment solutions for municipal and industrial customers. The company operates across more than 25 countries and has designed and built over 1,500 water and wastewater treatment plants globally.

The company provides end-to-end services across the water value chain, including design, engineering, procurement, construction, commissioning and operations & maintenance of water infrastructure assets.

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Disclaimer: The article is for informational purposes only and not investment advice.