Company History - Va Tech Wabag
Our Company was incorporated as Balcke Durr Cooling Towers Limited on
February 17, 1995 and was awarded the
certificate of commencement of business on March 8, 1995. It
was involved in the business of design and
construction of cooling towers and was a subsidiary of Balcke-Durr
Aktiengesellschaft, a German company which
was held by Deutsche Babcock. In 1996, Balcke Durr Cooling Towers
Limited started a water treatment division
and pursuant to this, it changed its name to Balcke Durr and
Wabag Technologies Limited by a special resolution
passed on July 29, 1996 and was issued a fresh certificate of
incorporation on September 12, 1996.
In April 1999, the Austrian group VA Tech acquired the water
business of Deutsche Babcock operating under the
Wabag brand name. In India, the water and non-water divisions of
Balcke Durr and Wabag Technologies Limited
were demerged. The scheme of demerger was approved by the High
Court of Madras pursuant to its order dated
March 3, 2000 and the non-water division of Balcke Durr and Wabag
Technologies Limited was transferred to BDT
Limited. For further details, please see the section titled History
and Certain Corporate Matters Key Agreements/
Schemes of Arrangement - Scheme of Demerger of water and non-water
division of our Company (the Demerger
Scheme)- on page 172. Consequently, the name of Balcke Durr and Wabag
Technologies Limited was changed to
VA Tech Wabag Limited pursuant to a special resolution dated March
10, 2000. A fresh certificate of incorporation
consequent upon the name change was granted to our Company on
April 4, 2000. Pursuant to the demerger and
change of name, our Company was primarily involved in the design,
supply, construction and erection of water,
wastewater treatment plants and operation and maintenance of the
same.
On August 25, 2006, the majority shareholding of our Company
was acquired by Western India Trustee and
Executor Company Limited, in its capacity as trustee of
India Advantage Funds - I and represented by the
investment manager ICICI Venture Funds Management Company Limited,
along with our Promoters, Rajiv Mittal,
Amit Sengupta, Shiv Narayan Saraf and S. Varadarajan. The
aforementioned acquisition was undertaken through the
acquisition of the shareholding of our Company from Wabag Austria
through I-Ven Water Technologies Limited in
September 2005 and subsequent merger of I-Ven Water
Technologies Limited with our Company. For further
details, please see the section titled History and Certain
Corporate Matters - Key Agreements/ Schemes of
Arrangement - Scheme of Amalgamation of I-Ven Water Treatment
Technologies Limited (IVTL) with our
Company (the Scheme of Merger) on page 172.
On December 6, 2007, our Company incorporated a joint venture
company now called VA Tech Wabag (Gulf)
Contracting LLC with Badriya Hassan Makki, in which our Company
holds a 49% shareholding. In terms of a
shareholders? agreement dated September 11, 2007, our Company
has 100% beneficial interest in the
aforementioned joint venture company.
Major Events of our Company
Date Event
April 1997 First EPC order intake
of our Company from Reliance Petroleum
March 2000 Entry into municipal
segment by our Company: Receipt of first municipal order
from Chennai
Metropolitan Water
Supply and Sewerage Board
September 2000 Receipt of ISO 9001:2000
certification from Lloyd?s Register Quality Assurance
July 2002 Starting of O&M activity
and receipt of first O&M order by our Company from Chennai
Metropolitan
Water Supply and
Sewerage Board (Redhills plant)
September 2002 Receipt of an order worth
approximately Rs. 7,000 lakhs from Bangalore Water Supply and
Sewerage
Board
March 2003 Crossing of Rs. 10,000 lakhs
turnover by our Company
September 2004 Receipt of best construction
award from Indian Concrete Institute - Karnataka for
construction of
sewage treatment plant
at Mailasandra for Bangalore Water Supply and Sewerage Board
September 2005 I-Ven Water Treatment Technologies
Limited acquired a majority stake in our Company
April 2006 Scheme of Merger of I-Ven
Water Treatment Technologies Limited with our Company
August 2006 Adoption of the ESOP Scheme 2006
by our Company
August 2006 Acquisition of majority
shareholding in our Company by Rajiv Mittal, Amit Sengupta, Shiv
Narayan
Saraf and S. Varadarajan
together with ICICI Venture Funds Management Company Limited
September 2006 Receipt of an order worth
approximately Rs. 18,638 lakhs from Kerala Water Authority
March 2007 Crossing of Rs. 20,000 lakhs
turnover by our Company
March 2007 Allotment of 3,97,078 equity
shares of Rs. 10 each to GLG Emerging Markets Fund, Cayman Islands
April 2007 Creation of four SBUs -
municipal, industrial, international and operations business group
July 2007 Company?s Order Book crosses
Rs. 50,000 lakhs
August 2007 Incorporation of Wabag Singapore
September 2007 Receipt of first overseas O&M order
by our Company from Qatar
November 2007 Acquisition of Wabag Austria and
subsidiaries by our Company
December 2007 Incorporation of VA Tech Wabag
(Gulf) General Trading LLC, Dubai
January 2008 Allotment of 48,198 Equity Shares
of Rs. 10 each to Government of Singapore Investment Corporation
Pte Ltd, Singapore,
72,296 Equity Shares of Rs. 10 each to Passport India
Investments (Mauritius )
Ltd., Mauritius and
24,099 Equity Shares of Rs. 10 each to Sattva India Opportunities
Company Ltd.,
Mauritius
February 2008 Incorporation of Wabag Water
Services s.r.l, Romania
March 2008 Crossing of Rs. 30,000 lakhs
turnover by our Company
March 2008 Company?s Order Book crosses
1,00,000 lakhs
March 2008 Receipt of first overseas EPC order
by our Company from Oman
May 2008 Starting of International
Engineering Centre in Pune
May 2008 Opening of a branch office in
Oman
June 2008 Receipt of approximately Rs.
19,071 lakhs order from Delhi Jal Board
December 2008 Amendment of Memorandum of Association
of VA Tech (Gulf) General Trading LLC and change of
name to VA Tech Wabag
(Gulf) Contracting LLC, Dubai
March 2009 Crossing of Rs. 50,000 lakhs
turnover by our Company
March 2009 Go Live of ERP by our Company
May 2009 Receipt of ISO-9001:2008
certification from Bureau Veritas
May 2009 Incorporation of VA Tech Wabag
(Hong Kong) Limited
December 2009 Receipt of Rs. 1,03,368 lakhs order
for sea water desalination plant from Chennai Metropolitan Water
Supply and Sewerage Board
December 2009 Incorporation of Beijing VA Tech
Wabag Water Treatment Technology Co., Ltd.
March 2010 Crossing of Rs. 70,000 lakhs
turnover by our Company
2011
-WABAG signed JV agreement with Zawawi Trading Copany LL.C. in Oman.
-WABAG commissioning three new drinking water treatment plants for
the Kerala Water Authority.
-WABAG wins the prestigious GWI Global Water Award.
-WABAG Switzerland: new moving bed and filtration system for the
Mnnedorf wastewater treatment plant The town of Klosterneuburg has
also opted for the WABAG Hybrid Process.
-WABAG at the China Water Summit 2011.
-Company has splits its Face value of Shares from Rs 5 to Rs 2
2012
-WABAG Brno in the Czech Republic obtains two new orders in the
drinking water treatment field with a value of EUR 3.1 million.
-VA TECH WABAG takes over the wastewater management for the city of
Adana in Turkey.
-VA TECH WABAG Ltd. obtains a build, operate and transfer (BOOT)
contract for the Ulhasnagar drinking water treatment plant in
Maharashtra, India.
-WABAG Consortium wins major Desalination contract in Oman.
2013
- Va Tech Wabag Ltd. - Wabag Bags INR 262 Crore Order from Nepal.
- Wabag Announces Order Intake worth Rs. 115 Crore from Chennai
Metropolitan Water Supply and Sewage Board.
- Va Tech Wabag Ltd - WABAG Joint Venture wins 344 Crore World Bank
Funded Project from Philippines.
- Va Tech Wabag Ltd. - Wins Rs. 325 Crore JICA Funded Project from
Orissa Water Supply and Sewerage Board (OWSSB)
2014
- Va Tech Wabag Ltd. - achieves breakthrough in Tanzania - Bags EXIM
Bank of India funded order worth US $ 40 million.
- Chennai-based VA Tech Wabag, a multinational player in the water
treatment, announced that the company has bagged a repeat order from
Bangalore water supply and sewerage board (BWSSB) for a value of
around Rs 250 crores.
- VA Tech Wabag Ltd has received an order worth Rs 100 crore from
Maynilad Water Services, Philippines for construction of 20 MLD
Sewage Treatment Plant (STP) at Tunasan.
- WABAG bags INR 100 crore World Bank funded Sewage Treatment order
in Philippines.
- VA Tech Wabag Ltd won worth Rs 175 crore Sewage Treatment Plant
(STP) order in Velenzuela, Philippines.
-The Registered office of the company has been shifted from 'Wabag
House', No.17, 200 Feet Radial Road, S.Kolathur, (Near Kamakshi
Hospital), Chennai - 600117, To 'Wabag House', No.17, 200 Feet
Thoraipakkam - Pallavaram Main Road, Sunnambu Kolathur, Chennai -
600117, Telephone Number : +91- 44-39232323, Fax Number :
+91-44-39232324.
2015
-Membrane biology from WABAG Switzerland for the Lauterbrunnen
wastewater treatment plant
-WABAG-MUHIBBAH JV signs contract for PETRONAS RAPID project - worth
around EUR 200 million
-In safe hands: used water management for the city of Istanbul the
first twelve months
-Major order for WABAG in Nigeria worth over EUR 30 million
-New order for WABAG from Egypt: A wastewater treatment plant for the
city of Port Said with a value of over EUR 9 million
-WABAG JV wins EUR 85 million project in Bahrain
-First drinking water from the Al Ghubrah seawater desalination plant
in Oman
-WABAG becomes part of the E_OS project. Order with a value of over
EUR 13 million received for key
-components for the new sludge plant at the main Vienna wastewater
treatment facility.
-WABAG receives Global Water Distinction Award
-The Company has allotted the Bonus Shares to its shareholders in the
Ratio of 1:1.
2016
-VA Tech Wabag surges over 4 pct on bagging new order
-VA Tech Wabag consortium wins Rs 594 cr order from CMWSSB
-The Company has secures ADB funded project in Nepal worth INR 141
-The Company won Final arbitration award relating to Company's
Associate Company International Water Treatment LLC. OMA
2017
- Va Tech Wabag bags order from Dangote Oil Refining Company in
Nigeria for a value of about USD 105.5 million.
2018
-VA Tech Wabag has been awarded a first major EPC order worth Qatari
Riyal 275 Million.
-Va Tech Wabag secures order worth Rs 147 crore.
2019
-VA Tech WABAG has bagged a project worth Rs 575 crore, under the
National Mission for Clean Ganga Scheme in West Bengal.
2020
-VA Tech WABAG bags award from Ministry of Jal Shakti.
-VA Tech WABAG bags orders worth over Rs 760 crore.
2021
-Va Tech Wabag secures order worth USD 11.45 mn.
2022
-WABAG secures an EP order towards a Brine Water Treatment Package
worth about 18 Million EUR.
-WABAG bags breakthrough order worth about USD 100 Million in city of
Dubai, UAE.
2023
-WABAG wins AFD and BEI funded, consortium order worth 215 million
Tunisian Dinars (approx. EUR 63 Million), for a 345 MLD Water
Treatment Project from SONEDE, Tunisia.
-WABAG enters into a strategic alliance with Al Jomaih Energy and
Water to pursue large-scale PPP Projects as an EPC Partner.
