VA Tech is rubbing its hands in glee: with hand wash comes opportunity, but investors aren’t as sure

VA Tech is rubbing its hands in glee: with hand wash comes opportunity, but investors aren’t as sure — Officers of VA Tech Wabag, NMCG, and BUDCO look at models of sewage treatment plants and sewerage network in Digha and Kankarbagh zones in Patna.

Synopsis

The pandemic has been a boon to the Chennai- based water-treatment company. The elevated sense of hygiene and frequent handwashing have resulted in higher water usage, churning out more waste water in turn. While the opportunity is pushing its stock up, the company needs to deftly handle government clients known for delayed payments.

By Priyanka Salve

9 mins read, Last Updated:
Oct 22, 2020, 08:54:38 AM IST

Check out these pointers on how India fares in access to clean water and treating effluents and sewage: Last year, a Niti Aayog report said that 21 cities including Delhi, Bengaluru and Chennai would run out of groundwater supply by 2020. The National Green Tribunal asked for 100% wastewater to be treated before dumping it into rivers. The heightened sense of hygiene due to the Covid-19 pandemic is resulting in a 10%-15% increase in water

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