3 Stocks to benefit as Maharashtra govt to invest ₹8,000 Cr in urban wastewater recycling

The Maharashtra government’s commitment to investing Rs.8,000 crore in urban wastewater recycling presents significant opportunities for companies specializing in water treatment and infrastructure. This initiative aims to address the growing water scarcity issues and promote sustainable water management practices across the state. 

Several companies are well-positioned to benefit from this push, including 

1. Va Tech Wabag Limited

Va Tech Wabag is a multinational company specializing in water and wastewater treatment technologies. With a strong presence in India, Wabag has a proven track record of executing large-scale water treatment projects. The Maharashtra government’s initiative aligns perfectly with Wabag’s expertise, making it a frontrunner for securing major contracts.

With a market capitalization of Rs.8,460 crore, the share price of Va Tech Wabag Ltd is currently trading at Rs.1,362.35 per share on Tuesday, rising 0.62 percent from its previous close. 

The company reported an order book of Rs.13,102 crore for the first nine months of FY25, reflecting a 27 percent increase compared to FY24. Within this, Engineering, Procurement, and Construction (EPC) contracts rose by 58 percent while Original Equipment Manufacturer (OEM) contracts grew by 42 percent. Domestic orders constitute 40 percent of the total, with the remaining 60 percent sourced internationally. 

VA Tech Wabag’s extensive expertise in designing, building, and operating wastewater treatment plants positions the company favorably to secure projects under Maharashtra’s new wastewater recycling initiative. Their advanced technologies in water recycling and reuse align with the state’s objectives of efficient and sustainable water management. 

Wabag’s impressive track record, demonstrated by recent international projects such as the €78 million sanitation project in Zambia and the $371 million contract for the Al Haer Independent Sewage Treatment Plant in Saudi Arabia, enhances their credibility and increases their prospects of winning new contracts. citeturn0search4turn0search1 

2. Ion Exchange India Ltd

Ion Exchange India is another key player in the Indian water treatment industry. The company offers a comprehensive range of water and wastewater treatment solutions, including recycling and zero liquid discharge systems. With a strong focus on innovation and sustainability, Ion Exchange is well-equipped to capitalize on the opportunities arising from Maharashtra’s wastewater recycling push.

With a market capitalization of Rs.7,108 crore, the share price of Ion Exchange India Ltd is currently trading at Rs.485 per share on Tuesday, rising 1.30 percent from its previous close. 

As of December 31, 2024, the company reported a total order book of Rs.3,405 crore, with engineering projects accounting for Rs.2,512 crore. Outstanding orders include Rs.174 crore from Sri Lanka and Rs.719 crore from the Uttar Pradesh State Water and Sanitation Mission (UP SWSM) and Delhi Jal Nigam. Additionally, the bid pipeline stands at approximately Rs.8,648 crore.  

Ion Exchange’s comprehensive end-to-end solutions in water treatment and recycling position it as a strong partner for the Maharashtra government’s water management initiatives. The company’s dedication to sustainable practices aligns with the state’s goals for environmentally friendly water solutions. 

Also read: 3 Stocks in which FIIs increased their stake by up to 6.6% in February 2025 to keep on your radar

3. EMS Ltd

EMS Ltd specializes in providing sewerage solutions, water supply schemes, water and waste treatment plants (STPs & ETPs). EMS group is one of the fastest growing companies in the Water and Waste water treatment sector. Their capability in providing complete, single-source environment solutions positions them strongly in this sector.

With a market capitalization of Rs.3,528 crore, the share price of EMS Ltd is currently trading at Rs.635 per share on Tuesday, falling 2.00 percent from its previous close. 

EMS Limited boasts a robust unexecuted order book of Rs.2,345 crore, including Rs.170 crore for operation and maintenance contracts. The company strengthens its market presence with a Rs.700 crore sewerage project in Kolkata and is poised for growth with upcoming bids under the Amrit scheme. 

EMS Limited’s specialization in sewerage solutions aligns directly with the focus on urban wastewater recycling, positioning the company as a key player in upcoming projects. Their comprehensive environmental services, encompassing the design, construction, operation, and maintenance of sewage treatment plants and sewerage networks, position them strongly to benefit from Maharashtra’s Rs.8,000 crore urban wastewater recycling initiative. 

Written by – Siddesh S Raskar

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 3 Stocks to benefit as Maharashtra govt to invest ₹8,000 Cr in urban wastewater recycling appeared first on Trade Brains.