Mumbai, Nov. 14 -- Va Tech Wabag had received an award from Saudi Water Authority, for

the execution of 300 MLD Mega Sea Water Desalination Plant in the Kingdom of Saudi Arabia. Subsequent to the award, the Company had completed the necessary formalities and executed the contract, which was submitted to the Customer for their counter-signature and formal

commencement of the project.

However, the Customer has now notified all tender participants through the Etimad portal (Electronic Government Procurement and Tendering Platform of the Kingdom of Saudi Arabia), that the said tender has been cancelled due to internal reasons attributable to the Customer.

Published by HT Digital Content Services with permission from Capital Market....