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VA Tech Wabag Secures $33.5 Million Contract for Industrial Wastewater Treatment Plant in Saudi Arabia

VA Tech WABAG, a water technology firm listed on the Bombay Stock Exchange, has secured a $33.5 million order from SEPCO III Electric Power Construction Corporation. The order includes the engineering and procurement (EP) of a 20 MLD industrial wastewater treatment plant at the Ras Tanura refinery complex in Saudi Arabia. Wabag will serve as the process and technology contractor for the treatment plant, which is being constructed by SEPCO III and developed by Miahona for its off-taker Saudi Aramco, as per the company’s disclosure to the stock exchange. The…

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Budget 2024: Implementing Vision for Development

Anil Sethi, Chairman, Pump Academy Private Limited The Finance Minister’s Budget 2024 presentation has laid the foundation for fostering India’s growth trajectory, in an effort to solidifying India’s growing credibility in the global economy. This Interim Budget for 2024 is focused on reforms and stimulating investments, aligning with the vision of a ‘Viksit Bharat’ by 2047, marking the 100th year of independence and aspiring to attain a $30 trillion economy. According to the International Monetary Fund (IMF), India is projected to secure the position of the third-largest economy by 2027.…

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