VA Tech Wabag Shares Surge 9% on $100M Water Infra Deal

25 Mar 2025 CW Team

Shares of VA Tech Wabag soared 9% after the company announced a non-binding partnership to develop a $100 million water infrastructure platform for municipal projects.

Strategic Partnership for Water Infrastructure Wabag has teamed up with an Investor Consortium, including Norfund—Norway’s investment fund for sustainable development—along with two other international investors. The platform aims to invest in advanced water treatment projects over the next three to five years.

Wabag’s Role in the Platform Technical Partner: Engineering, Procurement, and Construction (EPC) services

Operations & Maintenance (O&M) Expertise

Minority Investment: Aligning with an asset-light business model

"This term-sheet signing with strong global partners highlights our commitment to tackling global water challenges," said S. Varadarajan, Whole-time Director & Chief Growth Officer of Wabag.

Stock Market Impact Wabag’s stock opened at ?1,400 on the BSE, climbing 8.8% to touch an intraday high of Rs 1,510. The shares were trading 7.25% higher at Rs 1,487.85.

Future Outlook This initiative aims to boost sustainable water solutions, leveraging Wabag’s expertise and investors' financial strength to execute transformative municipal water projects. The term sheet will pave the way for formalizing the partnership and launching the platform's activities.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..