Chennai-based listed water technology major VA Tech Wabag, which has a network of water treatment projects in West Asia, sees no immediate business impact and concerns from the ongoing US/ Israel-Iran war. The company is closely monitoring the situation and says its projects in the UAE, Saudi Arabia, and other Gulf nations are situated away from the sensitive zones, such as the US bases.
“None of our projects in the region, whether in the construction stage or those that we are operating and maintaining, are affected at the moment. They are far away from American bases, and the way we operate them is by a combination of on-shore presence and offshore support from Chennai,” Rajiv Mittal, Chairman & Managing Director, VA Tech Wabag, told businessline. “We are following all local government advisories; our plant staff live in accommodation close to the site, and our HR and admin teams are keeping a vigil,” he added.
The company expects the situation and resulting volatility to stabilise soon and does not anticipate a slowdown.
Mittal emphasised that the water treatment and desalination sector has been historically resilient, as evidenced by their performance during Covid. Unlike other infrastructure projects, it is not directly linked to geopolitical shocks or oil price movements, he added.
During its recent earnings call for the quarter ended December 2025, the Wabag management noted that international business contributes around 50 per cent of revenues for the fiscal year-to-date, with the West Asia, South-East Asia, and the CIS regions bringing strong opportunities.
“The Middle East presents sustained opportunities in desalination, wastewater treatment and re-use, backed by strong infrastructure investments across the GCC and our disciplined bidding approach,” Shailesh Kumar, CEO-India Cluster, VA Tech Wabag, said in the analysts call.
VA Tech Wabag has a significant portfolio of desalination and wastewater treatment projects across the region, especially in Saudi Arabia, the United Arab Emirates and Bahrain.
Some of its marquee projects across the GCC region are a 191 MLD Desalination Plant, Al Gubrah, Oman, which is the largest such in the country; and Al Madina Al Shamaliya 40 MLD Sewage Treatment Plant, Bahrain.
Some of its recent order wins in the region include a ₹2,332-crore deal for a mega desalination plant in Saudi Arabia and a 50 MLD brackish water reverse osmosis (BWRO) contract in Al Jouf, Saudi Arabia, among others.
The company’s stock was trading at ₹1,200, up around 2.33 per cent on Thursday, at the time of writing.
Published on March 5, 2026