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Va Tech Wabag Ltd.

BSE: 533269 Sector: Engineering
NSE: WABAG ISIN Code: INE956G01038
BSE 00:00 | 24 Apr Va Tech Wabag Ltd
NSE 05:30 | 01 Jan Va Tech Wabag Ltd
OPEN 116.50
PREVIOUS CLOSE 111.50
VOLUME 20949
52-Week high 352.45
52-Week low 73.00
P/E 6.65
Mkt Cap.(Rs cr) 639
Buy Price 117.05
Buy Qty 2829.00
Sell Price 117.00
Sell Qty 134.00
OPEN 116.50
CLOSE 111.50
VOLUME 20949
52-Week high 352.45
52-Week low 73.00
P/E 6.65
Mkt Cap.(Rs cr) 639
Buy Price 117.05
Buy Qty 2829.00
Sell Price 117.00
Sell Qty 134.00

Va Tech Wabag Ltd. (WABAG) - Chairman Speech


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Company chairman speech

Dear Shareholders

Turning the water-scarcity into water-security is considered one of the top prioritiesamong the nations today. An impending necessity for water-smart infrastructure has led theGovernment to take various initiatives across continents.

Sustainable water solutions are the need of the hour and we at WABAG are leveragingthis opportunity. Our inter-cluster synergies are coming into play giving us an edge inthe current situation. Our strengths not only lie in being capable and competitive butour order wins during the year is a testimony to our collaborative and co-operativemind-set across clusters and cultures.

Water scarcity is being driven by two converging phenomenon: fast growing freshwateruse and even faster depletion of usable freshwater resources. It has been almost over 5months since it last rained in Chennai City the headquarters of your company which iswitnessing a long dry spell.

Water scarcity is the one issue that is plaguing not just homes but offices hotelsand even schools. The groundwater reserve in several of the districts are gettingdepleted triggering anxiety. As many as 22 districts including Chennai where the wateris getting depleted at an alarming rate have been put in the red category. The watershortage has started affecting the hotels in the city. Several of the small and mediumhotels were planning to down the shutters and some of the companies have requested theiremployees to work from home until the water situation improved.

Fresh water scarcity – a serious threat

The global demand for fresh water resources has risen dramatically over the recentyears. Mismanagement of the available resources are further hard-pressing to findeffective and sustainable solutions to water woes. Around 1.8 billion people worldwide areusing drinking water with faecal contamination. Asia homes 60% of the world’spopulation but has access to only 36% fresh water available; 6% of global populationresiding in Middle East and Africa have access to just 2% of freshwater. These issues aregoing to get more intense which is evident from the following facts :

40% global population - face water scarcity

80% wastewater - released untreated

Rising awareness

Looking at the brighter side Governments municipal bodies and industries haveinitiated various efforts measures and schemes for conserving water resources. Theprogrammes/ schemes like Oman Vision 2020 Saudi Vision 2030 Namami Gange Smart CitiesSwachh Bhart Mission and Amrut schemes go onto display the interest showed by theGovernments across the globe. However to witness successful results of these initiativesand schemes proper support along with due adherence by the community is crucial at alltimes.

Making a difference

Water security is a high-priority environmental concern and economic issue that needsto be addressed urgently. We at WABAG play a pivotal role in safeguarding the globe byconserving our planet’s essential resource: water. We continue offering ourIndian and international customers a comprehensive portfolio of water solutions thatenhance the environmental stewardship. Our effective and innovative solutions for treatingwater and reclaiming the wastewater gives it a second life.

Our endeavour is to deliver consistent and sustainable growth through our focussedvalue-creation approach. With our innovative ideas and technology everything fallingunder water management right from municipal to industrial clients in the area of wastewater treatment sewage water treatment desalination and sludge treatment among othersprovides sustainable solutions to the satisfaction of clients. Further as an Indianmultinational we are proud to be a part of the mission ‘Namami Gange’ to cleanthe sacred and holy Ganga. We have won big orders under the scheme and we are committed todeliver on our promise. We are diligently working to stay committed to the environment andcustomers. Our strategic geographical diversification of forming clusters have helped uswin significant orders. As a team we are meticulously working to create value fromsynergies to further strengthen our presence across geographies.

"The core technology developed over the years along with a united workforce acrossthe globe ongoing innovation and R&D and commitment towards operational excellenceare the hallmark at WABAG." Future-ready

With the growing needs and dwindling natural reserves it is our collectiveresponsibility to conserve and protect. WABAG with its state-of-the-art technologiesdeveloped over the years tirelessly pursues its research programmes to providesustainable solutions. The Company’s operations across countries and cultures arealigned to reflect the essence of circular economy and cross country collaboration.Through our ecologically sustainable solutions we are actively contributing to improvethe quality of life for over a hundred million people. As a result we continue to be oneamongst the world’s leading partners for investment in a future that is worth living.

Closing thoughts

The Company’s business is gradually scaling upwards. Going forward focusing onemerging markets besides implementing key projects achieving group synergies increasingbusiness profitability and effective and economically viable application of technologieswould form the key strategic areas of our business. Our aim is to provide solutions thathelp extend the life span and usage of water. We will continue partnering with ourcustomers to make the most of life’s essential resource. We are energised about thefuture and our ability to deliver sustainable value to our stakeholders.

I thank all the stakeholders and look forward to their continued support to make WABAGstronger. Together we can make a difference in driving sustainability and deliver value.

Regards

B. D. Narang