VA Tech WABAG share price jumps over 3% after securing major UAE sewage biorefinery project

VA Tech WABAG shares rallied more than 3% in early trade on Tuesday after the company announced a major international order for the proposed Ajman Sewage Biorefinery Plant – Phase 3 in the United Arab Emirates (UAE).

At 9:55 AM IST, the stock touched an intraday high of ₹1,603.30 against its previous close of ₹1,544.30, reflecting a gain of around 3.8%. The stock opened at ₹1,585.00 and traded between ₹1,571.60 and ₹1,603.30 during the session. Trading volumes remained active, with over 1.92 lakh shares changing hands. The stock is currently trading close to its 52-week high of ₹1,672.10, while its 52-week low stands at ₹1,033.00.

WABAG Wins Major UAE infrastructure project

VA Tech WABAG has secured a Design & Build contract worth an estimated ₹250–600 crore from Ajman Sewerage (Private) Company Limited for the proposed Ajman Sewage Biorefinery Plant – Phase 3. The project will be executed through a consortium arrangement, with WABAG acting as the consortium leader.

The contract marks the company's strategic entry into the UAE market and further strengthens its footprint across the Gulf Cooperation Council (GCC) region, where investments in sustainable water and wastewater infrastructure continue to grow.

Scope of the Project

Under the contract, WABAG will be responsible for the design, engineering, procurement, and construction of a 60 million litres per day (MLD) sewage treatment plant. The project is expected to be completed within a period of 24 months.

The scope includes inlet works, primary and secondary treatment systems, as well as advanced sludge management facilities featuring digesters, gas holders, scrubbers, and power generation systems. The plant will also include odor control systems and disc filtration units to ensure compliance with treated water quality standards.

The facility will deploy advanced mechanical and biological treatment technologies based on the Activated Sludge Process (ASP), complemented by tertiary treatment through disc filtration systems. These technologies are designed to improve wastewater treatment efficiency while supporting environmental sustainability goals.

Strengthening Presence in the GCC Region

According to the company, the project represents an important milestone in its Middle East growth strategy. The UAE has emerged as a key market for water and wastewater infrastructure development due to its strong focus on sustainability, water security, and long-term infrastructure investments.

Commenting on the development, Rohan Mittal, Head – Strategy and Business Growth – GCC, said the project marks a significant step in WABAG's regional expansion journey and enhances its ability to compete in one of the world's most strategically important water infrastructure markets.