Cologne, 5^th June 2019

De Raj Group AG is pleased to announce a strategic alliance with VA Tech WABAG Ltd., an Indian multinational company, for the implementation of water infrastructure projects on a joint basis. WABAG will be responsible for the portion of EPCC (Engineering, Procurement, Construction and Commissioning) of awarded water projects and De Raj will be responsible for being the concessionaire or asset owner and operator of awarded water projects.

Speaking on the development, Nagendran Nadarajah, the Chairman of the Management Board of De Raj commented “This marks De Raj’s entry into the Water infrastructure business and is in line with our stated objective of economic development with a clear conscience. We are proud to be embarking on this new business area with a world class organization like WABAG.”