Tipsheet
What matters at India’s listed companies
Order Wins · Water Management · Mid cap

WABAG lands ₹250-600 cr Bengaluru wastewater order

VA Tech Wabag will build and operate two sewage plants for BWSSB, with a 36-month construction phase and a 7-year O&M period, strengthening its municipal water leadership.

9 earlier stories on VA Tech Wabag Ltd.
Mkt cap₹13,162 cr
P/E35.52×
ROE13.80%
Debt / eq.0.17
Div yld0.24%
₹250-600 cr Estimated order value from Bengaluru Water Board

What's new

  • WABAG won a large design-build-operate contract from BWSSB for two wastewater plants in Bengaluru.
  • The order covers a 100 MLD and 60 MLD STP plus a 25 MLD tertiary plant at Byramangala and Bellandur.
  • Plants will feature biogas power and ultrafiltration; O&M period extends to 7 years after 36-month construction.

Why this matters

At 6-15% of annual revenue, this is a material domestic win that adds multi-year revenue visibility. It complements WABAG's recent international orders and reinforces its position in India's municipal wastewater sector.

What we're watching

  • Exact order value within the range when disclosed.
  • Execution pace given the 36-month timeline and impact on backlog of ₹17,000 cr.
  • Follow-on orders from other Indian cities as water infrastructure spending rises.

The full read

VA Tech Wabag just added another multi-year domestic contract to its already-fat order book. BWSSB's Bengaluru wastewater order, valued between ₹250 crore and ₹600 crore, covers construction of three treatment plants and a 7-year operations and maintenance stint. The 36-month build phase will push revenue recognition into FY28 and beyond. At roughly 6-15% of trailing annual revenue, the order is material but doesn't shift the scale much — WABAG's backlog already exceeds ₹17,000 crore. The real signal is steady execution in India's municipal wastewater space, where the company now has a string of wins alongside its growing Gulf and European presence. It won't move the needle alone, but it keeps the compounding story intact.

Questions answered

What is the exact value of the order?
The filing classifies it as a 'Large' order with an estimated value between ₹250 crore and ₹600 crore. No precise figure has been disclosed yet.
How does this order compare to WABAG's recent wins?
This is a domestic order, whereas recent wins include a >$150M desalination plant in Kuwait and a $30-75M Vienna drinking water plant. The Bengaluru order adds local municipal exposure.
What is the revenue visibility from this contract?
The contract includes a 36-month construction period followed by 7 years of operations and maintenance, providing long-term recurring revenue.
Does this order affect the existing backlog?
Yes, it adds to the existing backlog of over ₹17,000 crore, contributing to sustained growth without being game-changing on its own.
What technology will be used in the plants?
The plants will incorporate biogas-based power generation and ultrafiltration to produce high-quality treated water.
Has WABAG worked with BWSSB before?
Yes, WABAG previously executed the first phase of the Bellandur facility, which is part of this new order.
Mentioned: BWSSB · Bengaluru · ₹250-600 cr
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

VA Tech Wabag Ltd.

Water Management
₹12,424 cr
P/E 33.53×

Latest quarter · Mar 2026

Sales₹1,414 cr
Net profit₹129 cr
Op. margin+11.1%
EPS₹20.53

Strength & growth

Debt / equity0.17×
Current ratio1.70×
Sales CAGR+4.6%
EPS CAGR+11.5%
Financials via Tijori — a research aid, not investment advice.WABAG on Tijori

Story so far

All notes on WABAG →
  1. 20 Jul 2026 · 6:47 AM IST WABAG lands ₹250-600 cr Bengaluru wastewater order
  2. 20d ago WABAG lands $30-75m Vienna drinking water plant
  3. 32d ago WABAG lands >$150M desalination plant in Kuwait, first Gulf entry
  4. 42d ago Wabag wins first UAE contract with $30-75m Ajman sewage deal
  5. 56d ago Wabag sees ₹17,200 cr backlog, plans to double maintenance revenue share