VA Tech Wabag, a pure-play water technology company, has secured a repeat order worth about ₹415 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The order is towards operation and maintenance of 110 megaliters per day SWRO Desalination Plant at Nemmeli in Chennai for a period of 7 years.
“Wabag’s initial Operation & Maintenance contract was completed in 2021, after which the contract was extended by the customer and Wabag continued to operate and maintain the Plant,” the company said in an exchange filing.
“CMWSSB floated a public tender for the Operation & Maintenance of the Plant, and Wabag secured this repeat order for Operating & Maintaining the Plant for another seven years,” it added.
Inaugurated in 2013, the Nemmeli Desalination Plant is the first municipal desalination plant built in India on Design, Build, Operate (DBO) basis for drinking water purposes. Shares of Va Tech Wabag jumped 6% to close at Rs 1,329.9 on NSE.