Day: April 25, 2023

Nod likely for 40MLD water treatment plant

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The major irrigation department authorities are likely to grant permission for the proposed 45 MLD water treatment plant of Kinfra, which is going to be set up in the Periyar River at Aluva. Earlier, the department authorities had opposed the project citing that the water carrying capacity of the river sharply declined after the 2018 floods. But it is learnt that the department would consider granting permission for the project in a meeting to be convened by industry minister P Rajeeve in the coming days. The project has already invited…

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WABAG forays into Bangladesh with a World Bank & AIIB funded DBO order worth about Rs. 800 Crores

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March 17, 2023: VA TECH WABAG (‘WABAG’), a leading pure-play Water Technology Indian Multinational Group, has secured an order worth about Rs. 800 Crores towards Design, Build and Operate (DBO) for Reconstruction, Expansion and Operation of Pagla Sewage Treatment Plant (STP) with a capacity of 200 Million Litres per Day (MLD) at Pagla in the City of Dhaka, Bangladesh for Dhaka Water Supply & Sewerage Authority (Dhaka WASA). The project is funded by Multi-lateral Funding Agencies like World Bank and Asian Infrastructure Investment Bank (AIIB) under Dhaka Sanitation Improvement Project…

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LANXESS increases sales and earnings significantly in fiscal year 2022

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Sales up 32.6 percent year-on-year at EUR 8.088 billion EBITDA pre exceptionals increase 14.1 percent to EUR 930 million Acquired Consumer Protection businesses make positive contribution Dividend proposal for fiscal year 2022: EUR 1.05 per share Guidance for fiscal year 2023: Earnings expected to be at the 2022 level Guidance for Q1 2023: EBITDA pre exceptionals of EUR 180 million to EUR 220 million expected In an environment characterised by many upheavals, LANXESS closed fiscal year 2022 successfully. The specialty chemicals company’s sales and earnings have increased significantly. Group sales…

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WABAG led joint venture secures DBO order towards South East Asia’s largest Sea Water Desalination project with capacity of 400 MLD, worth about INR 4,400 Crores, funded by JICA

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VA TECH WABAG (‘WABAG’), a leading pure-play water technology Indian Multinational Group, further enhanced its leadership position in the Global Desalination market, by securing a Design, Build, Operate (‘DBO’) order, for the 400 Million Litres per Day (MLD) Sea Water Reverse Osmosis (‘SWRO’) Desalination Project from Chennai Metropolitan Water Supply and Sewerage Board (‘CMWSSB’) worth about INR 4,400 Crores. The project is scheduled to be executed under the leadership of WABAG in joint venture with Metito Overseas Limited (‘Metito’). This DBO order includes the scope of Design, Engineering, Procurement, Construction,…

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