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VA Tech Wabag completes Financial Closure of NMCG Project in Kolkata

18 Feb 2021 Evaluate

VA Tech Wabag has completed the Financial Closure for its Hybrid Annuity Model (HAM) project received from Kolkata Metropolitan Development Authority (KMDA). The company had earlier signed a Rs 575 Crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG) which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and up-gradation of existing sewage treatment plants, rehabilitation of pumping stations and other associated infrastructure in Kolkata.

The company will execute Engineering, Procurement and Construction (EPO) portion of this project over 24 months followed by O&M of 15 years. Once complete, the project with a cumulative wastewater treatment capacity of 187 MLD will contribute to reducing the discharge of untreated sewage into the Holy Ganga from the state of West Bengal by around 15 percent. The EPC portion of the project is to be funded by a mix of NMCG Grant, Equity and Debt. 40 percent of EPC cost will be funded by NMCG grant during the construction period and balance 60 percent to be funded by a mix of debt and equity.

VA Tech Wabag is an India-based company engaged in the business of water treatment field.

VA Tech Wabag Share Price

1390.95 -49.90 (-3.46%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
VA Tech Wabag 1390.95
ION Exchage 400.25
Race Eco Chain 133.00
RESGEN 65.08
GEM Enviro 47.27
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