VA Tech Wabag bags huge order under National Mission for Clean Ganga
WATER & WASTE

VA Tech Wabag bags huge order under National Mission for Clean Ganga

Water treatment company VA Tech Wabag has secured a contract worth Rs 1,187 crore order from Bihar Urban Infrastructure Development Corporation (BUIDCO) under the National Mission for Clean Ganga (NMCG) Scheme to develop Sewage Treatment Plants (STP) of 150 million litres per day (MLD) capacity along with sewerage network of over 453 km in the Digha and Kankarbagh zones of Patna.

The company will execute the engineering, procurement and construction (EPC) part of the STP under the hybrid annuity model (HAM), along with this project over a period of 24 months. This would be followed by operations and maintenance (O&M) of 15 years.

The STPs will produce renewable energy from biogas to run the plants leading to lower operational expenses.

This project comprises a Design, Build and Operate (DBO) scope worth Rs 940 Crore and HAM scope worth around Rs 247 crore.

The EPC portion of the HAM scope is to be funded through a mix of NMCG grant, equity and debt. An NMCG grant will fund 40% of the segment during the construction period, and the remaining 60% will be funded by a mix of debt and equity.

WABAG has partnered with PTC India Financial Services Limited (PFS) to meet the project’s debt funding requirement.

PFS is a green infrastructure finance company that provides a vast array of services to the infrastructure sector entities while contributing to the country's sustainable development goals.

PFS extends debt, mezzanine and bridge finance to projects in renewable power generation, transmission, distribution, road HAM/annuity projects, sewage treatment projects, water supply projects, e-mobility projects, among others, with an aim towards financing sustainable green infrastructure projects and other economic strategy sectors.

Image Source


Water treatment company VA Tech Wabag has secured a contract worth Rs 1,187 crore order from Bihar Urban Infrastructure Development Corporation (BUIDCO) under the National Mission for Clean Ganga (NMCG) Scheme to develop Sewage Treatment Plants (STP) of 150 million litres per day (MLD) capacity along with sewerage network of over 453 km in the Digha and Kankarbagh zones of Patna. The company will execute the engineering, procurement and construction (EPC) part of the STP under the hybrid annuity model (HAM), along with this project over a period of 24 months. This would be followed by operations and maintenance (O&M) of 15 years. The STPs will produce renewable energy from biogas to run the plants leading to lower operational expenses. This project comprises a Design, Build and Operate (DBO) scope worth Rs 940 Crore and HAM scope worth around Rs 247 crore. The EPC portion of the HAM scope is to be funded through a mix of NMCG grant, equity and debt. An NMCG grant will fund 40% of the segment during the construction period, and the remaining 60% will be funded by a mix of debt and equity. WABAG has partnered with PTC India Financial Services Limited (PFS) to meet the project’s debt funding requirement. PFS is a green infrastructure finance company that provides a vast array of services to the infrastructure sector entities while contributing to the country's sustainable development goals. PFS extends debt, mezzanine and bridge finance to projects in renewable power generation, transmission, distribution, road HAM/annuity projects, sewage treatment projects, water supply projects, e-mobility projects, among others, with an aim towards financing sustainable green infrastructure projects and other economic strategy sectors. Image Source

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?