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.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..