VA Tech Wabag wins EPC contract for Saudi project
after close1 source ↓written by the desknot a recommendation
- in early trade
- 2%
- after being named
- 24 Dec 2023
- build
- 25-year
- treatment capacity
- 100,000 m³/day
- expandable
- 250,000 m³/day
Shares of VA Tech Wabag Ltd. rose over 2% in early trade on 24 Dec 2023 after being named the preferred bidder for the Hadda ISTP project in Saudi Arabia. The project involves a 25-year build, operate, and transfer model, with an initial sewage treatment capacity of 100,000 m³/day, expandable to 250,000 m³/day. This contract enhances Wabag's portfolio in the region.
Not investment advice. For informational purposes only.