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Indian Sewage Drives Water Plant-Builder’s Estimates

VA Tech Wabag Ltd., India’s biggest builder of water-treatment plants, expects sales to beat forecasts by rising as much as 20 percent annually as growing cities overwhelmed by sewage drive government contracts.

The Chennai-based company, a former unit of Siemens AG, has surged 36 percent this year on orders to construct water-cleaning plants for French cities, a solar polysilicon factory in Qatar and a petrochemical plant owned by Reliance Industries Ltd. That tops gains of 16 percent by India’s benchmark Sensitive Index and 13 percent by the 49-member S&P Global Water Index for the same period.