Va Tech Wabag secures order worth Rs260 crore in Romania; stock climbs ~5%

12 Dec 2022 , 09:18 AM

Va Tech Wabag Limited informed that Wabag Water Services S.R.L., Romania, its European subsidiary, has secured a repeat order from Purolite S.R.L., Romania worth approximately Rs260 crore (EUR 30 Million) towards upgrading the Industrial Wastewater Treatment Plant (WWTP) in Romania.

The contract will have an Engineering and Procurement scope that includes design and engineering, equipment supply, installation, commissioning, and start-up of the Purolite Victoria WWTP. The project is expected to take 24 months to complete.

The existing plant in Victoria, Brasov County, was built to treat 5,820 m3/day of wastewater generated by resin production. Purolite intends to increase production, which will result in an increase in wastewater flow.

As a result, an upgrade to the existing WWTP is required. In order to treat the effluent up to national NTPA001 discharge criteria, the upgrade will include additional pre-treatment, the extension of existing lamella clarifiers, and a new reverse osmosis stage.

Influent pretreatment, cooling, neutralisation, SO4, calcium precipitation, solids separation, reverse osmosis treatment stage, and Brine Evaporation Crystallizations are among the key features of the WWTP upgrade.

At around 9.24 AM, Va Tech Wabag was trading at Rs349.40 up by 4.53% from its previous closing of Rs334.25 on the BSE. The scrip opened at Rs338.85 and touched intraday high and low of Rs349.40 and Rs338.85 respectively.

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