VA Tech Wabag Clarifies Status on Saudi Arabia and Kuwait Tenders
VA Tech Wabag Ltd. has issued a clarification regarding news reports appearing on media outlets concerning its bids for international infrastructure projects. The company addressed specific claims related to potential contracts in Saudi Arabia and Kuwait, providing details on the status of these tenders.The company first addressed a news item titled "the company has emerged as the lowest bidder for a sewage treatment plant (STP) contract worth over INR 600 crores in Saudi Arabia." According to the clarification, the company is not aware of any project worth over INR 600 crores in Saudi Arabia where it has been declared as the lowest bidder as of the date of the statement.
Regarding a second report concerning a project in Kuwait valued at around INR 3,400 crore, the company provided detailed updates. This project involves a partnership through a joint venture with a US-based company.
The clarification noted that the customer had notified the company on August 06, 2025. The notice confirmed that the Joint Venture of VA TECH WABAG and HEISCO, Kuwait, had submitted the lowest bid of KD 114,280,000 for a Desalination Plant in Kuwait.
As of the date of the statement, VA Tech Wabag stated that it is still awaiting the Letter of Award (LOA) for the Kuwait project.
The company concluded that since there is no confirmed event of 'Bagging of Orders/Contracts' regarding the mentioned tenders, no specific disclosures were necessitated.
WABAG Stock Price Movement
Today, VA Tech Wabag Limited shares edged higher, settling at ₹1440.4 after rallying 5.72% in post-market trading. The stock moved on significant buying interest, with the total traded volume reaching 965,102 shares.Source:
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