VA Tech Wabag Shares Surge 9% on $100M Water Infra Deal

25 Mar 2025 CW Team

Shares of VA Tech Wabag soared 9% after the company announced a non-binding partnership to develop a $100 million water infrastructure platform for municipal projects.

Strategic Partnership for Water Infrastructure Wabag has teamed up with an Investor Consortium, including Norfund鈥擭orway鈥檚 investment fund for sustainable development鈥攁long with two other international investors. The platform aims to invest in advanced water treatment projects over the next three to five years.

Wabag鈥檚 Role in the Platform Technical Partner: Engineering, Procurement, and Construction (EPC) services

Operations & Maintenance (O&M) Expertise

Minority Investment: Aligning with an asset-light business model

"This term-sheet signing with strong global partners highlights our commitment to tackling global water challenges," said S. Varadarajan, Whole-time Director & Chief Growth Officer of Wabag.

Stock Market Impact Wabag鈥檚 stock opened at ?1,400 on the BSE, climbing 8.8% to touch an intraday high of Rs 1,510. The shares were trading 7.25% higher at Rs 1,487.85.

Future Outlook This initiative aims to boost sustainable water solutions, leveraging Wabag鈥檚 expertise and investors' financial strength to execute transformative municipal water projects. The term sheet will pave the way for formalizing the partnership and launching the platform's activities.

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