Waste Management Company Becomes India’s First Operational Corporate Office to Attain IGBC Net-Zero Water and Near Net-Zero Energy Certifications
The stock gave multibagger returns of 145 per cent in just 1 year whereas BSE Small-Cap Index is up by 25.3 per cent.
VA TECH WABAG LTD's corporate headquarters, WABAG House, has achieved a significant milestone in sustainable building practices by receiving multiple prestigious certifications from the Indian Green Building Council (IGBC). These accolades include IGBC Platinum Re-Certification, Net-Zero Water, and Near Net-Zero Energy certifications. This recognition solidifies WABAG's position as a frontrunner in sustainable corporate operations and resource optimization, demonstrating its commitment to environmental stewardship.
WABAG House has consistently demonstrated operational excellence in green building initiatives. Having first achieved IGBC Platinum Certification in 2018 and subsequently re-certified in 2021, it has now set a new benchmark by becoming the first operational corporate office in India to attain both Net-Zero Water and Near Net-Zero Energy certifications. This achievement underscores WABAG's dedication to minimizing its environmental impact and maximizing resource efficiency.
WABAG House exemplifies a holistic approach to sustainable building design and operation. By integrating cutting-edge technologies and innovative strategies, it has achieved remarkable results. With 100% rainwater harvesting and a water return factor of 2.7 times the water consumed, WABAG House demonstrates a strong commitment to water conservation. Furthermore, its impressive Energy Performance Index (EPI) of under 80 kWh/sqm/year, coupled with a significant reliance on renewable energy sources, showcases its dedication to energy efficiency. WABAG House continues to strive for further improvements, aiming to achieve IGBC Health & Well-being Certification, "Zero Waste" status by 2025, and "Zero Carbon" status by 2028. These ambitious goals solidify WABAG's position as a leader in sustainable corporate practices and a model for other organizations to emulate.
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VA Tech Wabag Limited is a leading global water technology company with over a century of experience, providing innovative and sustainable solutions for municipal and industrial clients worldwide. As a Pure-Play Indian multinational, WABAG offers end-to-end water solutions, from design and engineering to long-term operations. With a global presence, a strong focus on R&D, and a commitment to sustainability, WABAG is shaping a future where water challenges are transformed into opportunities for a better world.
A renowned investor, Rekha Jhunjhunwala (wife of Late Rakesh Jhunjhunwala), held an 8.04 per cent stake in the company. The company has a market cap of over Rs 9,000 crore while the company has an order book of Rs 14,600 crore. The shares of the company have a PE of 14x while the industry PE is 37x. The stock gave multibagger returns of 145 per cent in just 1 year whereas BSE Small-Cap Index is up by 25.3 per cent. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.