This Water Treatment Stock Hits Fresh 52-Week High After Securing USD 150 Million-Plus Kuwait Desalination Project
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The company's financial performance has also remained robust. For the fourth quarter of FY26, consolidated net profit increased 28.6 per cent year-on-year to Rs 128.3 crore, while revenue rose 22.3 per cent to Rs 1,414.4 crore.
✨ Key Takeaways
VA Tech WABAG shares surged nearly 4 per cent on Friday, June 19, to hit a fresh 52-week high of Rs 1,898 on the National Stock Exchange after the company announced a major overseas order win in Kuwait. The stock was trading around Rs 1,880 during the morning session, gaining more than 3 per cent despite weakness in the broader market.
The company has secured a Design, Build and Operate (DBO) contract for the Doha Seawater Reverse Osmosis (SWRO) Desalination Plant with Recarbonation System – Stage II from Kuwait's Ministry of Electricity, Water & Renewable Energy (MEWRE). According to the company's classification, the project qualifies as a 'Mega' order, as overseas contracts exceeding USD 150 million fall under this category. Domestic projects above Rs 1,000 crore are also classified as mega orders.
The contract marks VA Tech WABAG's maiden project in Kuwait and further strengthens its footprint in the Gulf Cooperation Council (GCC) region. The project will be executed through an unincorporated joint venture with Heavy Engineering Industries & Shipbuilding Company (HEISCO).
Under the scope of the contract, the company will undertake the design, engineering, procurement, Construction and commissioning of a 60 million imperial gallons per day (MIGD), or approximately 272 million litres per day (MLD), seawater reverse osmosis desalination plant. The facility will incorporate an advanced recarbonation system to enhance water quality. The Engineering, Procurement and Construction (EPC) phase is expected to be completed within 36 months.
Apart from construction, the contract also includes operation and maintenance services for five years. The project is expected to support Kuwait's growing demand for potable water through the deployment of advanced and energy-efficient desalination technologies.
A key sustainability feature of the project is the integration of Solar photovoltaic (PV) technology to partially meet the plant's energy requirements. This aligns with Kuwait's renewable energy objectives and is expected to help reduce carbon emissions.
Commenting on the development, Rohan Mittal, Head – Strategy and Business Growth – GCC, said the project represents a significant milestone in WABAG's expansion strategy in the GCC region and marks its entry into the strategically important Kuwait market. He added that the project will play a crucial role in strengthening Kuwait's water security while reinforcing the company's leadership position in the Middle East desalination market.
The order win comes amid strong momentum in the stock. VA Tech WABAG shares have risen about 14.5 per cent over the last five trading sessions, gained nearly 35 per cent in the past month and advanced around 43 per cent so far in 2026.
The company's financial performance has also remained robust. For the fourth quarter of FY26, consolidated net profit increased 28.6 per cent year-on-year to Rs 128.3 crore, while revenue rose 22.3 per cent to Rs 1,414.4 crore. The latest mega order is expected to further strengthen the company's growth outlook and enhance its position in the global desalination market.
Disclaimer: The article is for informational purposes only and not investment advice.