VA Tech Wabag, a leading water technology company, is looking to increase its overseas order intake, with a particular focus on the Middle East and Africa regions. The water sector has been performing well, both in India and overseas, and VA Tech Wabag is benefiting from this trend. The company currently has a high order backlog, including significant projects such as a 400 MLD desalination plant in India and a wastewater treatment plant in Bangladesh.
Moving forward, VA Tech Wabag aims to expand its overseas order intake and is strategically tying up with major developers in Saudi Arabia, Japan, and the UAE. The company recently signed an MOU with a major developer in Saudi Arabia and is actively pursuing opportunities in the GCC region.
In terms of revenue exposure, 48% of VA Tech Wabag’s revenue currently comes from overseas projects. The company expects this percentage to increase to 50% in the future, driven by ongoing projects in Qatar, Saudi Arabia, and Africa. These projects include desalination, wastewater treatment, and other water-related infrastructures.
On the domestic front, VA Tech Wabag has several notable projects, including a desalination project in Chennai and a wastewater treatment plant in Bangladesh. These projects are expected to contribute significantly to the company’s revenue in the coming years.
VA Tech Wabag focuses on high technology projects in the water sector, particularly in areas such as desalination, recycle, reuse, and effluent treatment plants. The company has a strong order book for O&M projects, which provide steady growth and visibility. Additionally, VA Tech Wabag aims to increase its margin through these high technology projects, as they typically offer better profitability compared to municipal projects.
Looking ahead, VA Tech Wabag anticipates a positive demand trend in the domestic market, especially for high technology projects. The company is targeting segments such as desalination, recycle, reuse, and zero-liquid discharge for large industrial projects, oil and gas industries, and metals and mining sectors.
Overall, VA Tech Wabag is optimistic about its future growth prospects, both in India and overseas. With a strong order backlog and a focus on high technology projects, the company expects to drive revenue and margin expansion in the coming years.
