Wabag India
Wabag bags Rs 3,251 crore sewage treatment plant order in Saudi Arabia
This ISTP is part of the Kingdom's Vision 2030, which aims to provide reliable sewage treatment services and improve the quality of life for residents in Saudi Arabia
 "Wabag bags Rs 3,251 crore sewage treatment plant order in Saudi Arabia")
Wabag inks agreement with Asian Development Bank to raise Rs 200 cr
Water technology player VA Tech Wabag on Friday said it has signed an agreement with Asian Development Bank (ADB) to raise Rs 200 crore through unlisted non-convertible debentures (NCDs) carrying a 5-year and 3-month tenor. This NCD will be subscribed by ADB over a 12-month period, Wabag said in a statement. The Rs 200 crore capital raised through this NCD issuance will be used towards working capital requirements of Wabag and will be within the current borrowing limits, which will, therefore, not increase the debt levels of the company, it added. "This is an important milestone for us as we add another feather to our cap with this strategic funding tie-up with ADB. ADB's decision to collaborate with us is a key validation of its focus on clean, green and sustainable technologies. We have been working for many years on projects funded by multilateral agencies, including ADB," Wabag Chief Financial Officer Skandaprasad Seetharaman said. The disposal of wastewater without proper ...
 "Wabag inks agreement with Asian Development Bank to raise Rs 200 cr")
WABAG secures Rs 1,187 cr contract from Bihar Urban Infra Development Corp
Firm achieves financial closure of its second HAM project and partners with PTC India Financial Services
 "WABAG secures Rs 1,187 cr contract from Bihar Urban Infra Development Corp")
Wabag India cluster appoints Pankaj Sachdeva as new CEO
Sachdeva has over 35 years' of global experience, leading major multinational companies in the field of power, energy, infrastructure and asset creation domain
 "Wabag India cluster appoints Pankaj Sachdeva as new CEO")
