VA Tech Wabag share price in focus: Firm selected as preferred bidder for Saudi Arabia’s Hadda ISTP Project

Shares of VA Tech Wabag, a leading player in water and wastewater treatment solutions, will be in focus on Wednesday, December 24.

This is because the company has announced that the Developer Consortium comprising Metito Utilities Limited, Etihad Water and Electricity Company PJSC, and SkyBridge Limited Company has been declared the Preferred Bidder by the Saudi Water Partnership Company (“SWPC”) for the Hadda Independent Sewage Treatment Plant (“ISTP”) Project in the Kingdom of Saudi Arabia, pursuant to which WABAG is the preferred Engineering, Procurement and Construction (“EPC”) partner for this project.

The Hadda ISTP Project is to be developed under a 25-year Build, Own, Operate and Transfer (“BOOT”) model by the Developer Consortium. The EPC scope as proposed in the bid includes the design, engineering, procurement, and construction of the treatment facilities, which includes a sewage treatment plant with an initial treatment capacity of 100,000 m³/day – expandable to 250,000 m³/day – an advanced treated sewage effluent (TSE) reuse system, a large storage tank, and a 38-kilometre transmission pipeline with a throughput capacity of 350,000 m³/day.

"The commencement date of the project will be announced post-execution of the concession agreements and financial closure by the Developer Consortium. We will share further updates and developments in due course," the company said in its press release on Wednesday. Commenting on this development, Rohan Mittal, Head – Strategy and Business Growth – GCC, said, “Being associated with a project of such strategic importance is both an honour and a responsibility we take very seriously." This selection reinforces our strong presence in the Middle East and our growing partnerships in Saudi Arabia.

"We sincerely thank the Developer Consortium and SWPC for the confidence placed in us and look forward to collaborating closely to deliver this landmark infrastructure to the highest standards of performance and reliability," Mittal added.

In July 2025, VA Tech WABAG Ltd received a Letter of Award for the construction of a seawater desalination plant valued at $272 million (approximately ₹2,332 crore) in Saudi Arabia. The company secured the contract for the 300 MLD (million litres per day) mega seawater desalination plant, which will be set up by the Saudi Water Authority in Yanbu, Kingdom of Saudi Arabia.

In August 2025, the company secured an order worth ₹46.50 crore from RenewSys India (RenewSys) to deliver comprehensive water management solutions for its 2 GW solar cell manufacturing facility in Hyderabad, Telangana.

The order includes the design, engineering, manufacturing, supply, installation and commissioning of an Ultrapure Water (UPW) system, an Effluent Treatment Plant (ETP), and a Zero Liquid Discharge (ZLD) system, to be executed within a period of 11 months, Wabag said in a statement. In August itself, the company said it had secured a repeat order worth about 5.12 million Bahraini dinars (about ₹118 crore) from the Bahrain government for Operation and Maintenance (O&M) of the 40 MLD Madinat Salman Sewage Treatment Plant (STP) and Long Sea Outfall for a period of five years.