+
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
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?