VA Tech Wabag Ltd has revealed signing a non-binding equity partnership of $100 million with an investor group comprising Norfund. The strategic partnership, which was revealed on March 21, 2025, is intended to enhance Wabag's global water treatment business.
Highlights:
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$100 million equity partnership with investor group comprising Norfund
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Comes after recent $371 million Saudi Arabian order win
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Aligns with Wabag's growth strategy in sustainable water solutions
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Capitalizes on company's history of winning large international contracts
This alliance follows as Wabag continues to win large orders globally, including a recent $100 million breakthrough order in Dubai, UAE. The company's emphasis on innovative water treatment solutions has made it a leading player in solving global water issues.
The capital inflow is likely to drive Wabag's research and development activities, increase its international presence, and improve its capacity to execute bigger, more complex water infrastructure projects overseas.
Sources: VA Tech Wabag NSE Filing, Business Standard, March 21, 2025