VA Tech Wabag, the water treatment player has received a Rs 594 crore contract for constructing and operating a plant in Chennai.

VA Tech Wabag said in a BSE filing that it has “won a Rs 594 crore contract from Chennai Metropolitan Water Supply and Sewerage Board for construction and operation and maintenance (O&M) for a 45 million litres per day (MLD) Tertiary treatment plant at Koyambedu, Chennai.”

It added that “The value of EPC and O&M portion (for a period of 15 years) of the contract is Rs 396 crore and Rs 198 crore, respectively.”

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