Prime Minister Narendra Modi inaugurated and laid the foundation for various projects worth Rs 1,150 crore in the Union Territory of Lakshadweep. These projects aim to enhance internet speed, improve communication infrastructure, provide clean drinking water, and boost healthcare and education services in the islands. Modi also dedicated a solar power plant and laid the foundation stone for the renovation of a primary health care facility and the construction of five model Anganwadi centres.
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VA Tech Wabag predicts that 50% of its revenue will be derived from overseas projects, with the Middle East and Africa being key areas of focus. The company has a robust order backlog and is targeting high technology projects in the water sector, including desalination, recycle and reuse, and effluent treatment plants. They aim to increase their revenue and margin through these projects, particularly in the oil and gas industries. Furthermore, VA Tech Wabag expects their order book to be higher by the end of March 2024 compared to the current year.
