VA Tech Wabag, a leading Indian Multinational Company in the water sector won a Rs 3.86 billion Design, Build and Operate order from the Bangalore Water Supply and Sewerage Board (BWSSB) for a 150 MLD Sewage Treatment Plant (STP) at K&C Valley in Bengaluru.
WABAG will design and build this plant to meet the recent stringent guidelines of Central Pollution Control Board (CPCB) and Renewable Energy Certificates (RECs) policy mechanism. The plant will be designed based on Activated Sludge Process with Biological Nutrient Removal System and Power Generation. Post construction of the STP, WABAG will also operate and maintain the plant for a period of 10 years. This plant will help to protect and improve upon the natural environmental resources in the vicinity of Bellandur Lake in Bengaluru.
Pankaj Sachdeva, CEO, India Cluster said, 'It is very heartening to win repeat orders and this repeat order from BWSSB is another feather in our cap showcasing our technological prowess and the customer's confidence in us.'
Shares of the company gained Rs 13.65, or 2.29%, to trade at Rs 610. The total volume of shares traded was 8,311 at the BSE (10.02 a.m., Thursday).