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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
VA Tech Wabag wins large order for desalination plant in ...
BL Chennai Bureau · 2026-06-19 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Water technology company VA Tech Wabag, on Friday said it has bagged a ‘mega’ DBO (Design, Build, Operate) contract for the Doha SWRO Desalination Plant with Recarbonation System - Stage II in Kuwait. ‘Mega’ orders are international projects worth more than $150 million. 

The project entails the design, engineering, procurement, construction and commissioning of a 60 MIGD (approximately 272 MLD) Seawater Reverse Osmosis (SWRO) desalination plant, equipped with a state-of-the-art recarbonation system, and is scheduled for completion within 36 months, the company said in an exchange filing.

The contract also includes a five-year Operations and Maintenance (O&M) period.

Upon completion, the facility will leverage advanced desalination technologies to produce high-quality potable water, helping address Kuwait’s growing water demand. The project also incorporates Solar Photovoltaic (PV) systems to meet the plant’s energy requirements partially.

This order from the Ministry of Electricity, Water & Renewable Energy (MEWRE) will be executed through a Joint Venture (JV) partnership with Heavy Engineering Industries & Shipbuilding Company K.S.C. 

Rohan Mittal, Head of Strategy and Business Growth of GCC, VA Tech Wabag, said, “The Doha SWRO II Project marks a significant milestone in Wabag’s growth journey in the GCC region and our maiden entry into Kuwait, a strategically important market.”

(This report is written by Bl intern Mahalakshmi G)

Published on June 19, 2026