VA Tech Wabag Secures Major Water Treatment Plant Order in Nepal from MWSDB Funded by ADB

Overview

VA Tech Wabag's share price rose nearly 2 percent on November 20 following the announcement of a significant repeat order from Nepal's Melamchi Water Supply Development Board. The contract involves the design, build, and operation (DBO) of a state-of-the-art Sundarijal Water Treatment Plant with a capacity of 255 million liters per day in Kathmandu Valley, funded by the Asian Development Bank.