VA Tech Wabag shares surge 3% after winning 'large' order up to $70 million in Nepal

Shares of VA Tech WABAG Ltd. gained over 3% on Thursday, November 20, after it announced a "large" repeat order from Nepal.

In an exchange filing, the water technology solutions provider said that the "large" repeat order is from Melamchi Water Supply Development Board (MWSDB) in Nepal, and pertains to the design, build and operations of the state-of-the-art Sundarijal Water Treatment Plant, with a capacity of 255 million liters per day (MLD) in the Kathmandu Valley.

The project is funded by the Asian Development Bank (ADB).

VA Tech WABAG defines a "large" order that is valued between $30 million and $75 million. This EPC order will have to be executed within a 36-month timeframe, followed by five years of operations and maintenance.

The new plant, which will be constructed adjacent to the existing Melamchi WTP, will treat water from the Melamhi, Yangri and Larke rivers, strengthening water security for Kathmandu's population.

"This Large order further consolidates WABAG's strategic presence in Nepal and reinforces our position as an industry leader across the South Asian region," Arvind Dullu, Regional Business Head of South and Southeast Asia at WABAG said.

Shares of VA Tech WABAG are trading 2.7% higher on Thursday at ₹1,441.5. The stock had ended little changed on Wednesday at ₹1,398.7. The stock is down 17% so far in 2025.