VA Tech Wabag Wins Saudi Hadda ISTP Contract, Shares Surge

• VA Tech Wabag shares gained over 2% after being declared the preferred EPC partner for the Hadda ISTP project in Saudi Arabia.
• The project, under a 25-year build, operate, and transfer model, involves a sewage treatment plant with an initial capacity of 100,000 CMD, expandable to 250,000 CMD.
• The EPC scope includes design, engineering, procurement, and construction of treatment facilities, an advanced treated sewage effluent reuse system, storage tank, and a 38km transmission pipeline.
• Saudi Water Partnership Company declared a consortium including Metito Utilities Ltd. as the preferred bidder, with WABAG as their EPC partner.
• Rohan Mittal emphasized the win reinforces WABAG's strong presence in the Middle East and growing partnership in Saudi Arabia.

Why It Matters: VA Tech Wabag secures a significant EPC contract for Saudi Arabia's Hadda ISTP project, boosting shares.