Core Announcement – Contract Details
Awarding Entity: Saudi Water Authority
Domestic/International Order: International Order (Kingdom of Saudi Arabia)
Nature of Contract:
Design, engineering, supply, construction, and commissioning of a 300 MLD Mega Desalination Plant at Yanbu, Kingdom of Saudi Arabia
Contract Value:
USD 272 million (SAR 1,019 million / INR 2,332 crores)
Materiality Context:
Previously disclosed as a major contract award on July 24, 2025
Execution Timeline:
Contract execution date: July 23, 2025
Project commencement: Pending customer counter-signature
Contract Status Update:
The Customer (Saudi Water Authority) has notified all tender participants through the Etimad portal (Electronic Government Procurement and Tendering Platform of the Kingdom of Saudi Arabia) that the tender has been cancelled due to internal reasons attributable to the Customer.
Reason for Termination:
Internal reasons attributable to the Customer (Saudi Water Authority)
Company Response:
The Company is in the process of approaching the Customer to understand the reason in better detail and the next course of action.
Regulatory Compliance:
Disclosure made under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Financial Implication:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
Not Specified