VA Tech Wabag Wins $150M Kuwait Desalination Contract

VA Tech Wabag announced the formal signing of a ‘Mega’ contract for the Doha SWRO Desalination Plant in Kuwait, a development that saw its stock price increase by 0.18% on the BSE.

This significant project, valued at over $150 million, represents the company’s inaugural venture into Kuwait, strengthening its footprint across the GCC region.

Market Performance Snapshot

• Current Trading Price: Rs. 2005.65
• Daily Gain: 3.55 points or 0.18%
• Previous Closing: Rs. 2002.10
• Opening Price: Rs. 2049.35
• Intraday High: Rs. 2054.00
• Intraday Low: Rs. 1991.60
• Shares Traded: 19059

The contract, initially awarded in June 2026 by the Ministry of Electricity, Water & Renewable Energy, Kuwait, is now officially underway, paving the way for project commencement.

Project Details

• Contract Type: ‘Mega’ (value above $150 million)
• Project Scope: Doha SWRO Desalination Plant with Recarbonation System-Stage II
• Execution Basis: Design, Build, Operate (DBO)
• Joint Venture Partner: Heavy Engineering Industries & Shipbuilding Company K.S.C. (HEISCO)
• Plant Capacity: 60 MIGD (approximately 272 MLD)
• Construction Period: 36 months
• Operation & Maintenance: 5 years

The plant will integrate Sea Water Reverse Osmosis (SWRO) technology with a Recarbonation System. On-site Solar Photovoltaic (PV) systems are planned to partially meet the facility’s energy requirements, aligning with Kuwait’s clean-energy objectives and reducing its carbon footprint.

Company Financials & Holdings

• BSE Group: ‘A’
• Face Value: Rs. 2
• 52-Week High (13-Jul-2026): Rs. 2252.40
• 52-Week Low (27-Jan-2026): Rs. 1033.95
• Last One Week High: Rs. 2068.00
• Last One Week Low: Rs. 1,946.50
• Current Market Cap: Rs. 12,530.93 crore
• Promoters Holding: 19.08%
• Institutions Holding: 24.59%
• Non-Institutions Holding: 56.34%

VA Tech Wabag maintains its position as a global leader in the water treatment sector, specializing in the design, supply, installation, construction, operation, and maintenance of various water and wastewater treatment facilities, including desalination plants.

This new ‘Mega’ contract underscores VA Tech Wabag’s strategic expansion in the Middle East, solidifying its presence and expertise in critical water infrastructure development across the Gulf Cooperation Council region.