VA Tech Wabag MD Reveals Bold Plans For FY27: 'We Are Close To ₹16,000 Cr Order Book'
📅 Dec 22, 2025NDTV Profit8 MIN17 SEGMENTS · 2 SPEAKERS
Rajiv Mittal, Chairman & Managing Director of VA Tech Wabag Ltd explains how the company is securing massive deals with the ...
Questions asked in this interview
7
1:07So when typically you have someone like Asian Development Bank funding an order of this size, what is their track record in sticking to payment timelines?
1:35And in terms of this particular deal, does it mark a new foray for you in the region, Mr. Mittal?
2:11So what does this take your order book to and what's the revenue recognition looking like for this project?
2:48And if that happens, what does this do to your outlook for FY27?
3:41Because considering you're a preferred bidder for orders worth over 3,000 crores, what would that look like from here on and do you see a four times kind of a book to bill as a new normal?
4:45What is the kind of revenue contribution you see growing?
6:36What is the potential over there and what is really the use case for a company like yours as data centers keep growing?
Rajiv Mittal, Chairman and MD of VA Tech Wabag, joining in on the show this morning. Mr. Mittal, thank you so much for your time to us here at Andy TV Profit. We appreciate it. Let me start with this deal that you have with the Nepal government and funded by Asian Development Bank. Tell us about the size and timelines of this deal and what is the extent of funding coming in from ADB.
Good morning Damana and good morning to your viewers for having us here. This ADB deal is to build a water treatment plant and ADB will be funding the complete project value. As a company, we always focus on projects which are funded by multilaterals. This ensures the project moves on time and also ensures payment security. In fact, almost 90-95% of our order book is from funded projects. This is a repeat order. We had built the phase one of the same plant, Milamshi, and now we are getting the phase three. So very happy to see that we get a repeat order from a client. That time it was funded by JA, this time it is funded by ADB.
So when typically you have someone like Asian Development Bank funding an order of this size, what is their track record in sticking to payment timelines?
I think very good. I think we should not doubt at all. They have their procedures and process in place. As long as you fall in line with their process and procedures, payments are generally 90 to 100 days, we should get our payment.
Not at all. We have been in Nepal for over a decade and a half. As I told you, the first plant in Milanchi was built by us. Subsequently, we built this Goeshwari sewage treatment plant, and post that, we are building at the moment three sewage treatment plants for the same client, and recently we are getting this. So we are fairly well represented in Nepal and have a good track record.
Okay. Mr. Mittal, good morning Hal on this side. So what does this take your order book to and what's the revenue recognition looking like for this project?
I think the order book, as it was said in the start, we are close to 16,000 crores, which is a very comfortable position for us and enables us to be very selective and choosy in which projects we take. And this order will go on for about 3 years, so 36 months this revenue will be executed.
9 more exchanges in this transcript
Sign in free to read the rest of this interview. No card required.
Mittal, R. (2025, December 22). VA Tech Wabag MD Reveals Bold Plans For FY27: 'We Are Close To ₹16,000 Cr Order Book' [Interview transcript]. NDTV Profit. CEOInterviews.AI. https://ceointerviews.ai/interview/1032392/
MLA
Rajiv Mittal. "VA Tech Wabag MD Reveals Bold Plans For FY27: 'We Are Close To ₹16,000 Cr Order Book'." NDTV Profit, 22 Dec. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1032392/.
BibTeX
@misc{mittal2025_1032392,
author = {Rajiv Mittal},
title = {VA Tech Wabag MD Reveals Bold Plans For FY27: 'We Are Close To ₹16,000 Cr Order Book'},
howpublished = {Interview transcript, NDTV Profit. CEOInterviews.AI},
year = {2025},
month = {dec},
url = {https://ceointerviews.ai/interview/1032392/},
note = {Speaker-attributed transcript with timestamps}
}
