Water engineering solutions provider VA Tech Wabag Ltd. on Friday said it has signed a contract worth Rs 1,477 crore with the Uttar Pradesh government for taking up operation and maintenance of sewage treatment plants in Agra and Ghaziabad.
The Chennai-headquartered firm has bagged the Rs 1,477 crore contract on 'one city, one operator' model and will operate, maintain and manage the system in both the cities for a period of 10 years, expandable for an additional period of five years, the company said in a statement.
Under the contract, the company will be responsible for managing sewage treatment of over 650 million litres per day, adhering to national treatment standards, over 3,000 kilometres of sewer networks and 46 pumping stations, thus providing a cleaner and healthier ecosystem to the three million population of Agra and Ghaziabad.
"The one city, one operator model marks a paradigm shift in India's sewage management as a one-stop solution for sewage management of an entire city. We expect this model to be soon replicated across major urban regions and open up a multi-billion-dollar market in India, given the government's efforts to improve the waste water scenario," VA Tech Wabag's Global Head for Business Development Rajneesh Chopra said.
He further said that with such contracts, the company plans to soon increase its services revenue.
"Through this contract, we will play a significant part in the rejuvenation of river Yamuna, as this will ensure treatment of over 80 per cent of the sewage generated in both the cities," Chopra added.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
