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India's urban water management sector is moving to an execution phase, focusing on converting order books into revenues, with major projects in sewage treatment and wastewater recycling nearing completion. VA Tech Wabag reported an 18% YoY revenue increase to Rs 961 crore, with a backlog of Rs 163 billion, while Ion Exchange (India) showed a 6% rise in revenue to Rs 734.4 crore but faced margin pressure.

Felix Industries experienced a 243% revenue growth to Rs 26.8 crore, primarily through Zero Liquid Discharge solutions. The sector's demand remains strong, with a focus on effective execution and cash flow management.