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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Toshiba Corporation    6502   JP3592200004

TOSHIBA CORPORATION

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Toshiba : Water Solutions receives order of two Sewage Treatment Projects in India

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02/10/2020 | 09:23am EDT

India - Toshiba Water Solutions Private Limited (hereinafter TWS), a wholly owned subsidiary of Toshiba Infrastructure Systems & Solutions Corporation (hereinafter TISS), today announced receiving an order from Bihar Urban Infrastructure Development Corporation Ltd (hereinafter BUIDCO) for construction of two Sewage Treatment Plants (STPs) and their Operation and Maintenance (O&M) services.

These STPs are part of the sewage construction projects undertaken by the Indian government to clean up the Ganges River.

Sharing details on the order, Mr. Koichi Matsui, Chairperson and Managing Director, TWS said, 'Under this order, TWS will construct STPs in Chhapra and Begusarai located along the Ganges River and provide O&M services for these plants for 15 years. These sewerage network & STP projects of Chhapra and Begusarai shall collect the sewage and convey the same to the treatment plants through underground sewerage network, where sewage will be treated as per the design guidelines of Central Public Health and Environmental Engineering Organisation (CPHEEO). The treated Sewage will be discharge to the drain.

The Ganges River runs for approximately 2,700 km through the center of India. Covering 860,000 km2, its basin is populated by more than 600 million people. The Ganges River is therefore essential for drinking, household, and irrigation water. However, the Ganges River is threatened by pollution and the Indian government announced an action plan to clean up the river in 2015.

As part of this action plan, TWS constructed four Sewage Treatment Plants in Jharkhand and in Uttar Pradesh. 'Recognized for its track record, TWS has been awarded the next projects in Bihar', Mr. Matsui added further.

TWS engages in Engineering, Procurement and Construction (EPC) and O&M businesses for public water supply and sewage treatment plants and industrial water treatment facilities around the world, including India, North and Central Americas, the Middle East, West Asia, Southeast Asia, Africa, and elsewhere.

TISS endeavors to contribute to the establishment of sustainable water circulation systems and the creation of environmentally advanced communities by combining its monitoring, control, energy-saving, and other solutions with TWS's expertise and experience in EPC and O&M cultivated through projects in and outside India.

About Toshiba Water Solutions Private Limited

Toshiba Water Solutions (TWS) is an international multi-disciplinary environmental services company, headquartered in India that specializes in providing turnkey services in water and wastewater collection, treatment and disposal. A wholly owned subsidiary of Toshiba Infrastructure Systems & Solutions Corporation (TISS), TWS provides complete, single-source services from engineering and design to construction and installation of water, wastewater and domestic waste treatment facilities.

Contact:

Tel: 0124 644 7000

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (JPY)
Sales 2020 3 419 B
EBIT 2020 133 B
Net income 2020 -120 303 M
Finance 2020 483 B
Yield 2020 1,18%
P/E ratio 2020 -9,90x
P/E ratio 2021 11,1x
EV / Sales2020 0,20x
EV / Sales2021 0,18x
Capitalization 1 160 B
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Average target price 3 600,00  JPY
Last Close Price 2 557,00  JPY
Spread / Highest target 68,2%
Spread / Average Target 40,8%
Spread / Lowest Target -2,23%
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Nobuaki Kurumatani Executive Chairman & Chief Executive Officer
Satoshi Tsunakawa President, Chief Operating Officer & Director
Masayoshi Hirata Chief Financial Officer & Head-Accounting
Hiroshi Yamamoto Chief Technology Officer
Keiichi Yumita Chief Information Officer
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