VA Tech Wabag Share Price Rises 7.03%; Signs $100M Municipal Water Project Deal

VA Tech Wabag (WABAG) has signed a non-binding term sheet to create a dedicated Municipal Platform for capital projects in the municipal sector. 

The platform will involve an equity investment of up to USD 100 million over the next 3 to 5 years. 

This initiative is being launched in partnership with an Investor Consortium, including Norfund, the Norwegian Government’s investment fund focused on sustainable development, along with two other international investors.

WABAG’s Role as a Technical Partner

WABAG will serve as the Technical Partner in the platform, contributing its expertise in Engineering, Procurement, and Construction (EPC) and Operations and Maintenance (O&M).

 In alignment with its Asset-Light Strategy, WABAG will also make a minority investment in the platform. The collaboration aims to leverage the strengths of all partners to address the growing need for advanced water treatment technologies and municipal water infrastructure.

Advancing Sustainable Water Solutions

The Municipal Platform will focus on key opportunities in the municipal water sector, enhancing sustainable water management while driving economic growth. The signing of this term sheet marks an important step in formalizing the partnership and accelerating transformative water projects. 

Commenting on this key development, the Whole-time Director & Chief Growth Officer, Mr S. Varadarajan, said, “This step of signing the term sheet with strong global partners to establish the Municipal platform underscores our commitment to addressing global water challenges by leveraging cutting-edge technology and expertise. This initiative reflects our asset-light strategy, emphasizing partnerships that combine WABAG’s technical excellence with the financial strengths of our collaborators to accelerate impactful and sustainable water solutions.”

Conclusion

WABAG remains committed to its core focus on the water sector, fostering innovation and long-term financial partnerships. Further updates will be shared as the platform progresses toward definitive agreements.

On March 21, 2025, WABAG share price opened at ₹1,398.95, up from its previous close of ₹1,383.90. At 9:48 AM, the share price of WABAG was trading at ₹1,481.15, up by 7.03% on the NSE.

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