VA Tech Wabag Bags Rs 594-Crore Deal in Chennai

New Delhi: Water treatment player VA Tech Wabag has bagged a Rs 594-crore contract to construct and operate a plant in Chennai.

VA Tech Wabag said in a filing to the BSE that it has "won a Rs 594 crore contract from Chennai Metropolitan Water Supply and Sewerage Board for construction and operation and maintenance (O&M) for a 45 million litres per day (MLD) Tertiary treatment plant at Koyambedu, Chennai".

"The value of EPC and O&M portion (for a period of 15 years) of the contract is Rs 396 crore and Rs 198 crore, respectively," it further said.

Shares in VA Tech Wabag, on Tuesday, ended 5.72 per cent higher at Rs 465.75 apiece on the BSE, whose benchmark Sensex index finished up 0.05 per cent.