Chennai: Water treatment player VA Tech Wabag has won a World Bank-funded project in the Philippines for setting up a sewage treatment plant at a cost of Rs 175 crore.
"The contract value of the order is about Rs 175 crore and the project is funded by World Bank. WABAG will design and build the 60 MLD (million litres per day) Valenzuela Sewage Treatment plant for Maynilad Water Services using the activated sludge process", Chennai-based VA Tech Wabag said in a filing to the BSE.
"WABAG Philippines has proven once again by winning this repeat order in Valenzuela. We are very happy that WABAG has won the majority of the Sewage Treatment projects in Philippines," Wabag Philippines director Coleridge Shelley said.
The contract includes operation and maintenance of the plant for a period of 12 months, it said.
Wabag had earlier bagged 100 MLD sewage treatment plant in Philippines at Illugin region and with the new order, the company has order backlog of Rs 450 crore in three years of its operation in the Philippines, the statement said.
Shares in VA Tech Wabag, on Friday, ended at Rs 1,533.85 apiece on the BSE, up 1.19 per cent from the previous close.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
