VA Tech Wabag gains after signing concession agreement under Namami Gange programme

The pact was signed recently between the National Mission for Clean Ganga, Kolkata Metropolitan Development Authority and senior officials from WABAG, a company release said

Shares of VA Tech Wabag gained 1.5 percent intra-day on June 6 after signing a concession agreement under the Namami Gange program.


The stock was quoting at Rs 335.00, up to Rs 1.15, or 0.34 percent, on the BSE at 15:12 hours IST.

The city-based water treatment player has signed an Rs 575-crore concession agreement under the Namami Gange program, which integrates the efforts to clean and protect the Ganga in a comprehensive manner.

The pact was signed recently between the National Mission for Clean Ganga (NMCG), Kolkata Metropolitan Development Authority (KMDA) and senior officials from WABAG, the company said.

The scope of the contract includes engineering, supply, and construction of new sewage treatment plants, renovation, and up-gradation of existing sewage treatment plants, rehabilitation of pumping stations in Bally, Arupara and Baranagar areas of Kolkata, it said.

The recent order would help WABAG cumulatively purify over 100-crore liters of sewage every day, which used to get discharged in the Ganga and its tributaries.
First Published on Jun 6, 2019, 03:45 pm

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