VA TECH WABAG LIMITED, a leading Indian Multinational Company in the water sector announced today its financial results for the quarter and three months ended 30thJune, 2018.
3M FY ‘19Highlights:
- Consolidated Revenue up by 3% to INR688 Crore
- Consolidated EBITDA up by 54% to INR65 Crore
- Consolidated PAT up by 56% to INR 13 Crore
- Order book of over Rs. 7,358Crore including Framework contracts of about Rs. 700 Crore
The Company has secured the following orders:
- INR 171 Crore ZLD Plant in Chattisgarh:
Continuing its success in the Steel sector, WABAG has secured an order worth INR 171 Crore from National Mineral Development Corporation (‘NMDC’) towards Design, Erection and Commissioning of Zero Liquid Discharge (‘ZLD’) Plant at Integrated Steel Plant, Nagarnar, Chhattisgarh. The project will be self-financed by the client, and includes Operation & Maintenance for 5 years. The recycling plant will ensure Zero Liquid Discharge through Multi Effect Evaporation System.
- EUR 20 Million ETP in Romania:
WABAG Romania (‘WABRO’) has secured an order worth EUR 20 Million from Purolite, Romania towards Design & Engineering, Procurement, Construction, Supply, Installation and Commissioning of Effluent Treatment Plant (‘ETP’) for the client’s resin production facility. The plant will ensure effluent discharge in accordance with the Romanian water quality regulations. WABRO will also Operate & Maintain the plant for a period of 15 years, post completion. The project will be completed in a period of 20 months.
- EUR 9.5Million BWRO Plant in Saudi Arabia:
WABAG Austria (‘WABAT’) has converted the Phase 4 of Al Saad BWRO, Saudi Arabia framework contract into order intake during the quarter. The Company is already executing Phase 1 & 2, of this project towards pre-treatment plant for a capacity of 400 MLD and Phase 3 towards design and supply of a new drinking water treatment plant.
Commenting on the results, Mr. Rajiv Mittal, Managing Director, VA TECH WABAG LIMITED said, “We are pleased about continuingto strengthen our global presence through efficient execution of key projects across the Group. Ourconsolidated results for the quarter is a reflection of the same.”
For Further information, please contact:
Mr. T V Gopal, Chief Manager – Public Relations
VA TECHWABAG LIMITED |Tel: +91 4439232260 |Email: email@example.com