VA Tech Wabag Shares Hit 52-Week High After ₹1,000 Crore-Plus Kuwait Order
- 19th June 2026
- 11:00 AM
- 3 min read
Summary
VA Tech Wabag shares rose to a fresh 52-week high on Friday after the company secured a desalination contract worth over ₹1,000 crore in Kuwait, marking its first entry into the country and expanding its presence across the Gulf region.Mumbai | June 19, 2026
VA Tech Wabag shares climbed to a 52-week high of ₹1,918.70 on Friday after the company announced it had won a “mega” seawater reverse osmosis desalination project in Kuwait, worth over ₹1,000 crore. The stock was trading at ₹1,890.30 on the NSE, up 3.76% on the day. Shares have gained 43.63% year to date.
What is the Kuwait Order?
VA Tech Wabag secured the Design, Build, Operate contract for the Doha SWRO Desalination Plant with Recarbonation System, Stage II, from Kuwait’s Ministry of Electricity, Water and Renewable Energy. The company classifies international orders above $150 million as “mega” orders.
The project covers the design, engineering, procurement, construction and commissioning of a 60 MIGD, approximately 272 MLD, seawater reverse osmosis desalination plant with a recarbonation system. It is scheduled for completion over 36 months and includes a five-year operation and maintenance period.
The plant will incorporate solar photovoltaic systems to partially meet its energy requirements. The order marks Wabag’s first entry into Kuwait and strengthens its footprint across the GCC region. The project will be executed through an unincorporated joint venture led by Wabag, in partnership with Heavy Engineering Industries & Shipbuilding Company KSC as the joint venture partner.
What Did the Company Say?
Rohan Mittal, Head of Strategy and Business Growth for the GCC region, said, “The Doha SWRO II Project marks a significant milestone in WABAG’s growth journey in the GCC region and our maiden entry into Kuwait, a strategically important market. We are honoured to have been entrusted by the Ministry of Electricity, Water & Renewable Energy with the delivery of this critical project, which will play a vital role in strengthening Kuwait’s water security.”
He added, “This landmark win reinforces our growing leadership in the Middle East desalination market and underscores our commitment to enabling a more water-secure and sustainable future through advanced and energy-efficient desalination solutions.”
How Does Wabag Classify Its Orders?
Wabag categorises its contracts by size across domestic and international markets. The table below shows the classification framework used by the company.
| Classification | Domestic (₹ crore) | International (USD million) |
| Small | Up to 100 | Up to 10 |
| Medium | 100 to 250 | 10 to 30 |
| Large | 250 to 600 | 30 to 75 |
| Major | 600 to 1,000 | 75 to 150 |
| Mega | Above 1,000 | Above 150 |
Stock Performance
VA Tech Wabag shares touched an intraday high of ₹1,918.70 on Friday, against a day low of ₹1,850.00. The stock has a 52-week range of ₹1,033.00 to ₹1,918.70.
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