By BullScreen Editorial Team 
Shares of VA Tech Wabag surged over 4% in early trade on Friday, June 19, hitting a fresh 52-week high of ₹1,898 on the NSE after the company announced a major desalination contract win in Kuwait worth over ₹1,000 crore.
The company secured the Design, Build, and Operate (DBO) contract for the Doha SWRO Desalination Plant Stage II from Kuwait’s Ministry of Electricity, Water & Renewable Energy. The deal marks Wabag’s first project in Kuwait and strengthens its presence across the Gulf Cooperation Council (GCC) region.
The stock has seen strong momentum in recent sessions, rising nearly 14.5% in the last five trading days and around 35% over the past month. On a year-to-date basis, the stock has gained nearly 43%, reflecting growing investor confidence in its international order pipeline.
The project involves setting up a 60 MIGD (around 272 MLD) seawater reverse osmosis desalination plant equipped with an advanced recarbonation system. It will be executed through a joint venture led by Wabag along with Heavy Engineering Industries & Shipbuilding Company. The execution timeline is 36 months, followed by a five-year operations and maintenance contract.
The facility will also integrate solar photovoltaic systems to partially meet energy needs, aligning with Kuwait’s renewable energy goals. As per the company’s classification, international projects above $150 million qualify as “Mega” orders.
The win further strengthens Wabag’s leadership in the desalination sector, highlighting its growing role in supporting water security and sustainable infrastructure development across the Middle East.