WPIL’s Subsidiary Secures 2.50 Billion Rand Contract in South Africa
Filing Summary
WPIL Limited’s South African subsidiary, PCI Africa Consortium, has been awarded a contract valued at 2.50 billion Rand (approximately Rs. 1,340 crores) for the upgrading and expansion of the Macassar Wastewater Treatment Works in Cape Town. PCI Africa’s share of the contract is approximately 1.175 billion Rand (around Rs. 630 crores). The project is scheduled to be completed over a period of 54 months. This contract does not involve any related party transactions.
WPIL Limited announced that its South African subsidiary, PCI Africa Consortium, has received a contract for the upgrading and expansion of the Macassar Wastewater Treatment Works for the City of Cape Town. The total contract value is 2.50 billion Rand, equivalent to approximately Rs. 1,340 crores.
The share of PCI Africa in this contract is approximately 1.175 billion Rand, which is around Rs. 630 crores. The project is expected to be completed over a duration of 54 months. The contract awarded does not fall under the category of related party transactions.
The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is in line with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. This disclosure is intended for the information and records of BSE Limited.
WPIL Limited, through its subsidiaries, engages in the design, manufacture, supply, and installation of pumps and pumping systems. The company focuses on providing solutions for water supply, irrigation, and wastewater management. WPIL continues to expand its presence in international markets through strategic contracts and partnerships.