Va Tech Wabag secures $11.45M order for PETRONAS Refinery & Petrochemical Corp in Malaysia; Stock gains 1.5%

WABAG was amongst the few technology partners approved by PRPC for this project, based on its global reference in Oil & Gas segment.

Sep 06, 2021 01:09 IST India Infoline News Service

Va Tech Wabag on Monday announced that the company secured an order worth 11.45 Million USD from Dialog E&C Sdn. Bhd., Malaysia towards establishing a new Effluent Treatment Plant (`ETP') for Pengerang Integrated Complex in Johor, Malaysia.

The order will be constructed for PRPC Utilities and Facilities Sdn Bhd ('PRPC UF'), a subsidiary of PETRONAS Refinery & Petrochemical Corporation (PRPC).

S Natrajan, S&M Head — India Cluster said "This order was secured based on our technological pre-qualifications with PETRONAS. This order further consolidates our position as a pure-play water technology player in the Oil & Gas segment and in the South East Asian market."

As per the regulatory filing, WABAG shall be the Technology vendor and provide Design, Engineering, Procurement and Supervision activities for the proposed ETP. WABAG shall design the ETP comprising of two-stage biological treatment, advanced oxidation process, ammonia stripper and drier facility for sludge treatment.

Notably, WABAG was amongst the few technology partners approved by PRPC for this project, based on its global reference in Oil & Gas segment.

WABAG has previously executed a 200 Million USD state-of-the-art Integrated ETP for Pengerang Integrated Complex which ensures reduction of contaminants below regulatory discharge requirements.

At around 1.54 pm, Wabag was trading at Rs341.85  per piece up 1.5% on Sensex. 

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