VA Tech Wabag Ltd. (VATW), the biggest maker of
water-treatment plants in India, won a $40 million contract in Tanzania to
expand in Africa.The company will build a 130 million-liter (34
million-gallon) a day plant at Upper Ruvu, it said today in a statement.
The
Exim Bank of India-funded project is the Chennai-based company’s first in
sub-Saharan Africa.
VA Tech rose 1.3 percent to 555.95 rupees in Mumbai
trading. Its shares are almost unchanged over the past year compared with a 9
percent gain by the 20-member Bloomberg World Water Index.
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