Va Tech Wabag-ion Exchange
VA Tech WABAG wins Rs 3,251 crore order for sewage treatment in Saudi
Water treatment player VA Tech WABAG has secured a consortium order worth USD 371 million (about Rs 3,251 crore) from Al Haer Environmental Services Company at Riyadh, Saudi Arabia. The order is for engineering, procurement and construction (EPC) of a 200 MLD Independent Sewage Treatment Plant (ISTP), including connections to outfall delivery facilities, WABAG said in a statement on Sunday. This ISTP is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for its off-taker, the Saudi Water Partnership Company (SWPC), it said, adding that SWPC is the principal off-taker for water and wastewater projects in Saudi Arabia. Early this year, WABAG secured an engineering and procurement order of a 20 MLD industrial wastewater treatment plant at Ras Tanura Refinery Complex, the Kingdom of Saudi Arabia, where Miahona Company is the project developer, it said. This ISTP is part of the Kingdom's 'Vision 2030', which aims to provide reliable sewage treatment
 "VA Tech WABAG wins Rs 3,251 crore order for sewage treatment in Saudi")
VA Tech Wabag, Ion Exchange likely to see their fortunes change
The share price of Ion Exchange, another player in the water treatment business, too is near its 52-week low and is down almost 30 per cent in 2018
 "VA Tech Wabag, Ion Exchange likely to see their fortunes change")
