VA Tech Wabag Kuwait Desalination Contract and Q1FY27

has secured a contract worth over ₹1,000 crore for the construction of the Mega Doha SWRO Desalination Plant with Recarbonation System Stage II in Kuwait. Awarded by Kuwait's Ministry of Electricity, Water & Renewable Energy, this project marks WABAG's entry into the Kuwaiti market and is scheduled for implementation in June 2026. The order further strengthens WABAG's presence in the Middle East and adds to its strong order pipeline. VA Tech Wabag reported a healthy 1QFY27 performance, with revenue growing 21% YoY and adjusted EBITDA increasing 22%. EBITDA margin stood at 13.1%, adjusted for a forex gain of INR368 million. The company continues to maintain a strong balance sheet, with an order book of around INR194 billion and a net cash position of INR9.65 billion, providing good revenue visibility for the coming years.