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VA Tech WABAG has secured a Mega Design-Build-Operate contract from Kuwait

ICICIdirect Research 19 Jun 2026 DISCLAIMER

News: VA Tech WABAG has secured a Mega Design-Build-Operate (DBO) contract from Kuwait's Ministry of Electricity, Water & Renewable Energy (MEWRE) for the Doha SWRO Desalination Plant Stage-II. The project will be executed through a JV led by WABAG along with HEISCO (Kuwait). The plant will have a capacity of 60 MIGD (~272 MLD) and includes a state-of-the-art recarbonation system, with a 36-month execution period and 5-year O&M contract

View: This mega order strengthens its presence across the GCC desalination market. The project also incorporates solar PV systems to reduce energy consumption and support sustainability goals. While the order size is estimated at above ₹1000 crore, WABAG has a total order book of ₹17,200 crore in FY26. The order enhances international diversification, improves prospects for future GCC opportunities, and supports strong revenue visibility over the next few years. Overall, the order is strategically important and reinforces WABAG's growth momentum in the wastewater treatment segment.

Impact: Positive

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