VA Tech Wabag — Company directory

Chennai-headquartered pure-play water technology group that builds and operates desalination, effluent and reuse plants for municipalities and refiners in 25 countries.

VA TECH WABAG, which trades as WABAG, is an Indian multinational water technology group headquartered in Chennai. It designs, engineers, builds and operates drinking water, industrial water, desalination and wastewater treatment plants for municipal authorities and industrial customers, and its effluent treatment, water recycling and zero liquid discharge work for refineries, petrochemical complexes and power plants keeps it closely tied to the energy sector. The company describes itself as a pure-play water technology group and works on four continents.

Scale and capability

WABAG traces a corporate history of more than a century and states that it has executed over 6,500 projects worldwide. It employs around 2,000 water professionals in about 25 countries, with a presence in India, South East Asia, the Middle East, Africa and Europe, and it runs research and development centres in Europe and India holding more than 125 intellectual property rights. Its service lines run from drinking water and industrial water treatment through seawater and brackish water desalination to effluent treatment, sludge treatment, water reclamation, industrial water recycling, zero liquid discharge, potable reuse, high-purity water for industry and bio-CNG generation. WABAG takes projects as turnkey engineering, procurement and construction contracts and then stays on under long-term operation and maintenance agreements, including public-private partnership models. The company is listed on the Indian stock exchanges.

Order book and financial position

At the close of the 2026 financial year, the year to March 2026, WABAG reported an order book of more than 172 billion rupees after order intake of roughly 74.7 billion rupees during the year, and revenue growth of about 20 per cent. Management has highlighted payment security and a diversified mix of engineering and operations contracts as supports for the backlog, and the company reported net cash positive for a seventh consecutive year, with the first quarter of the 2027 financial year marking a fourteenth consecutive quarter in net cash. That backdrop is not without setbacks: in November 2024 the Saudi Water Authority cancelled an order worth around 27 billion rupees for a 300 million litre per day seawater desalination plant, and the shares fell sharply on the announcement.

Order intake in 2026

The group has announced a steady flow of awards during 2026:

September: a repeat order from Reliance Industries for the design, engineering, supply, erection and commissioning of an effluent treatment plant at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, combining chemical and biological treatment with low-temperature sludge drying on a 13-month schedule
August: signature of the Doha seawater reverse osmosis Stage II contract in Kuwait, awarded in June by the Ministry of Electricity, Water and Renewable Energy and classified by the company as a mega order worth more than 150 million dollars, giving WABAG its first project in Kuwait
July: a large order from the Bangalore Water Supply and Sewerage Board for two energy-efficient wastewater treatment facilities, and a large order to expand the Donauinsel water works in Vienna, Austria
June: a consortium award for the Ajman sewage biorefinery plant in the United Arab Emirates
May: a design, build and operation order for a wastewater treatment plant in Delhi, and a first bio-CNG project in Ghaziabad with PEAK Sustainability Ventures
March: an ADB-funded mega order won through a joint venture with the Chennai Metro Water Supply and Sewerage Board to build the city-wide looped water grid, and a mega public-private partnership order from the same authority for a 45 million litre per day tertiary treatment reverse osmosis plant; also a consortium award for a European Investment Bank-funded wastewater treatment project in Georgia
December 2025: a letter of award from the Saudi Water Authority for a 50 million litre per day brackish water reverse osmosis plant at Aljouf in Saudi Arabia

Industry focus

Industrial customers are central to the order book. WABAG's Jamnagar effluent plant for Reliance Industries sits inside one of the world's largest refining and petrochemical complexes, and its zero liquid discharge and recycling technologies are marketed to refining, chemical and power operators that face tight discharge limits. In the municipal market the company is working on desalination and reuse schemes in India, the Gulf and Europe, where long-term concessions and operation contracts provide recurring revenue after construction ends. Its desalination portfolio includes both seawater and brackish water reverse osmosis designs, and the company has developed bio-CNG and sludge-to-energy offerings alongside its water treatment lines.

Outlook

WABAG's positioning rests on a large backlog, a mix of municipal and industrial revenue and a technology portfolio it licenses and applies in-house. The principal risks visible in its own disclosures are order cancellations by public clients, the concentration of large projects in the Gulf, and the working capital demands of long-cycle engineering contracts, which the company offsets by maintaining a net cash position and by taking operation and maintenance work that continues after construction.