Andritz stock gains focus after India plant reaches stable operation
Published on 11/09/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIndia Project Adds Operational Detail
- ANDRITZ commissioned a second acid-regeneration plant for JSW Steel in Maharashtra.
- The company kept its 2026 revenue and comparable EBITA margin targets unchanged.
- A record order backlog supports visibility for future project execution.
ANDRITZ has commissioned a second acid-regeneration plant for JSW Steel Coated Products at its Vasind Works in Maharashtra, India. The company announced the milestone on November 5, and its press release says the facility reached stable operation after start-up and performance validation.
What Has Changed Since Our Last Report
The new operational detail is the plant's completed validation against process and environmental parameters. The unit processes 6,400 liters of spent pickling acid per hour and supports a new pickling line with annual processing capacity of 1.3 million tons.
ANDRITZ said regenerated acid now covers approximately 99 percent of the pickling operations' acid requirements at Vasind. Iron oxide generated as a by-product is sold for other industrial applications. Together, the two plants serve the site's pickling operations.
Quarterly Backdrop Remains Supportive
The India project adds an operating example to the investment case after a strong third quarter. Revenue increased 9.2 percent year on year to EUR 2,059.6 million, while comparable EBITA rose 10.3 percent to EUR 184.9 million. Order intake slipped 0.6 percent to EUR 2,166.2 million, but the order backlog reached a record EUR 12,729.1 million at September 30.
Management kept its 2026 targets unchanged, calling for revenue of EUR 8.0 billion to EUR 8.3 billion and a comparable EBITA margin of 8.7 percent to 9.1 percent. The plant is therefore relevant primarily as an operational milestone rather than as a separately quantified earnings catalyst.
Share Price and Investor Focus
Andritz stock traded at 83.20 euros on Lang & Schwarz at 17:03 CET on Monday, November 9, 1.71 percent above the Xetra close of 81.80 euros from Friday, November 6. The next investor focus includes project execution, order conversion and the UBS European Conference scheduled for November 10-11 in London.
Andritz AG at a Glance
- Company: Andritz AG
- ISIN: AT0000730007
- Xetra ticker: AZ2.DE
- Lang & Schwarz price: EUR 83.20 at 17:03 CET on November 9, 2026
- Change versus Xetra close: 1.71 percent above EUR 81.80 on November 6, 2026
- Operational update: Second acid-regeneration plant commissioned in Vasind, India
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More news and analyses on Andritz stock will track project execution, order conversion and the company's outlook.
