Introduction:
Leading Wastewater management company has signed a non-binding term sheet for a $100 million Municipal Platform with an investor consortium, including Norfund, to finance capital projects over 3-5 years, focusing on sustainable water treatment infrastructure and advanced technologies.
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Share price movement of Wabag:
On March 21, 2025, VA Tech Wabag Ltd opened at ₹1,400.00, up 0.92% from its previous close of ₹1,387.25. The stock reached a high of ₹1,510.00 (8.84%) and a low of ₹1,392.65. By 11:57 AM, it traded at ₹1,499.80, an 8.11% increase, with a market cap of ₹9,327.32 crore.
WABAG Secures $100 Million Equity Partnership for Municipal Projects:
VA TECH WABAG (‘WABAG’), a leading water technology multinational group, has signed a non-binding term sheet for a Municipal Platform. Backed by an investor consortium including Norfund, the platform will commit up to $100 million for municipal capital projects over 3-5 years.
As the Technical Partner, WABAG will deliver EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) services while making a minority investment in line with its asset-light strategy. This initiative aims to enhance sustainable water infrastructure and drive innovation in water treatment technologies.
The collaboration strengthens WABAG’s position in the municipal sector, addressing the increasing demand for advanced water management solutions. The term sheet sets the foundation for a formal agreement, with further updates expected as the partnership progresses.
Recent news on Wabag:
As of March 21, 2025, VA Tech Wabag Ltd secured a $14 million (₹121 crore) order from BAPCO Refining B.S.C for operating an Industrial Wastewater Treatment Plant in Bahrain for seven years, utilizing advanced Membrane Bioreactor (MBR) technology.
Ace investor holding in Wabag:
Rekha Jhunjhunwala
Rekha Jhunjhunwala holds an 8.04% stake in VA Tech Wabag Ltd, owning 5 million shares valued at ₹745.7 crore. Her significant investment highlights confidence in the company’s growth potential and long-term business prospects.
Stock performance of Wabag for Period of 1 week, 6 months, and 1 year:
VA Tech Wabag Ltd delivered a 4.26% return over the past week but declined 8.88% in six months. However, the stock surged 91.2% over the past year, reflecting strong long-term growth despite short-term fluctuations in its performance.
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Shareholding pattern of Wabag:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 19.10% | 19.10% | 19.10% |
| FII | 18.90% | 14.70% | 11.50% |
| DII | 2.00% | 3.60% | 5.00% |
| Public | 60% | 62.60% | 64.40% |
About Wabag:
VA Tech Wabag Ltd (NSE: WABAG) specializes in water treatment solutions, including design, supply, construction, and operation of drinking water, wastewater, industrial water, and desalination plants. The company plays a key role in sustainable water management globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
