Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, February 10 2012 - 03:13
AsiaNet
VA Tech Wabag Posts Results - 9M FY 2012
CHENNAI, India, Feb. 9 / PRNewswire-AsiaNet / -

            Revenue of Rs.772.7 Crores; Net Profit of Rs.13.4 Crores 
                 With an Order Book of Rs.3,550 Crores

    VA Tech Wabag Limited, a leading India MNC in Water and Waste Water 
management today reported its results for the quarter ended December 31, 2011.

    During 9 month FY 2012, the consolidated revenue is Rs. 772.7 Crores and 
Net Profit of Rs. 13.4 Cores, a growth of 5% and 102% respectively over 
corresponding period previous year.

    The Firm Consolidated Order book stands at Rs. 3,550 Crores. The Firm Order 
Book of EPC Segment stood at a Rs. 2,426 Crores and O&M Segment stood at Rs. 
1,124 Crores.

    In addition to the Firm Order Book, the Company has Framework Contracts of 
Rs. 1,330 Crores.

    Order Intakes in Q3 FY12

    The Company has received Orders of Rs. 533 Crores during Q3 FY 2012 of 
which Rs. 362 Crores from India and Rs. 171 Crores from Overseas. The key 
orders received are as follows:

    - Order from Delhi Jal Board of Rs. 250 Crores for Construction of 20MLD 
      STP on DBO basis at Pappankalan Phase-II in New Delhi. EPC portion is 
      Rs. 170 Crores and Balance is Operations and Maintenance (O&M) for 10 
      years
    - Turnkey EPC Order for De-mineralization WTP at Durgapur Projects Limited 
      (DPL) worth Rs. 50 Crores
    - Standalone O&M orders over Rs. 40 Crores.
    - Order from Turkey for Siverek Waste Water Treatment Plant of EUR 7.7 
      million
    - Two orders from Czech Republic totaling to EUR 3.1 million for 
      Modernisation of the Jirkov WTP and Reconstruction of Mostiste WTP
    - Order from Swiss for New filtration Plant of EUR 3 million
    - Order from Saudi Arabia for Waste Water Treatment Plant of EUR 8.4 
      million

    The desalination project which was inaugurated on 23rd February 2010 is 
progressing as per schedule. The Company has completed 70% of the total EPC 
work in the project and expects to complete by mid 2012.

    The Company is seeing overall positive developments in the Libya and 
believe that the situation will further improve in next few months.


     SOURCE:  VA Tech Wabag Limited

    CONTACT:  Mr. T V Gopal
              Va Tech Wabag Limited
              +91-9380569940
              +91-44-42232323
              Email: tv_gopal@wabag.in
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