January 17, 2022

Stocks In News - Bagging Order(Va Tech Wabag)

 

WABAG has secured an order worth about $100 million towards engineering and procurement activities in relation to 120 million gallons per day (MiGD) Hassyan Sea Water Reverse Osmosis (SWRO) in the United Arab Emirates (UAE).

The Dubai Electricity and Water Authority (DEWA) selected Utico FZC as the preferred bidder to build the SWRO plant and operate it for 35 years, under the independent water producer (IWP) model, wherein DEWA would off-take 100% of water.

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