WABAG Secures Kuwait Mega SWRO Project; Shares Rise 4.29%

Mumbai, June 19: VA Tech WABAG Ltd has secured a Design, Build, Operate (DBO) contract for the Doha SWRO Desalination Plant with the Recarbonation System Stage II in Kuwait from the Ministry of Electricity, Water & Renewable Energy (MEWRE).

The project will be executed through an unincorporated joint venture led by WABAG in association with Heavy Engineering Industries & Shipbuilding Company K.S.C. (HEISCO), according to an exchange filing. The contract involves the design, engineering, procurement, construction and commissioning of a 60 MIGD (approximately 272 MLD) seawater reverse osmosis desalination facility.

As per the regulatory disclosure, the project includes a five-year Operations & Maintenance period following construction. The engineering, procurement and construction phase is scheduled for completion within 36 months.

The company classified the award as a “Mega” order. Under WABAG’s order classification framework, international mega projects carry a value exceeding $150 million.

Stock Market Snapshot

Investors welcomed the order win, with the stock trading higher in morning trade.

As of 09:55 IST on June 19, 2026, shares of VA Tech WABAG were trading at ₹1,900, up ₹78.20, or 4.29%. The WABAG share price gained after the company classified the contract as a “Mega” order, which for international projects indicates a value exceeding $150 million.

The company said the engineering, procurement and construction phase is expected to be completed within 36 months.

Company Background

VA Tech WABAG is a water technology company focused on municipal and industrial water treatment solutions. The company provides end-to-end services covering design, engineering, procurement, construction, commissioning and long-term operation of water and wastewater facilities.

According to the company, it has designed and built more than 1,500 water and wastewater treatment plants globally and operates across more than 25 countries. Its portfolio spans desalination, water recycling, wastewater treatment and resource recovery solutions.

The company also maintains research and development centres in Europe and India and holds a significant intellectual property portfolio related to water treatment technologies.

Conclusion

The Kuwait order adds a new geography to WABAG’s operating footprint and strengthens its exposure to the GCC desalination market. The project’s mega classification, long execution visibility and accompanying operations and maintenance component provide additional support to the company’s order book.

Investors responded positively to the announcement, with the stock rising more than 4% in morning trade as the market assessed the strategic significance of WABAG’s entry into Kuwait and the scale of the contract.

Source:

• https://www.nseindia.com/get-quote/equity/WABAG/VA-Tech-Wabag-Limited
• https://nsearchives.nseindia.com/corporate/VATECH_19062026081930_SIKuwait190626.pdf