VA Tech Wabag expects to have an order book of about Rs 4,000 crore by the current financial year. The Chennai-based water management company, which has a multinational presence, will see an order intake of about Rs 1,800-2,000 crore in the current year. In addition, VA Tech is a preferred bidder in contracts valued at over Rs 1,100 crore for which negotiations are on with the clients. The company expects to close these orders in the second half of the current year.
As of September, the order book of the company stood at a two-year backlog of about Rs 3,300 crore. Order booking has been slow in the first half for the company primarily due to a drop in flow from the public sector utilities. However, with the government policies focused on water recycling for industrial applications to conserve drinking water, the private orders are picking up, particularly from steel and oil and gas sectors. This is also set to drive water treatment infrastructure in public sector soon.
VA Tech Wabag is a multinational player in the water treatment industry. It offers complete life cycle solutions including conceptualization, design, engineering, procurement, supply, installation, construction and O&M services.
| Company Name | CMP |
|---|---|
| VA Tech Wabag | 1477.75 |
| ION Exchage | 419.05 |
| Race Eco Chain | 127.40 |
| RESGEN | 61.50 |
| GEM Enviro | 48.02 |
| View more.. | |
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