Latest news with #WaterManagement
The Guardian
4 hours ago
- Science
- The Guardian
Legal stoush between NSW and commonwealth halts crucial water flows into Murray-Darling
Environmental flows in the Murray-Darling necessary to keep wetlands and fish healthy have come to an abrupt halt due to a legal stoush between the commonwealth and the New South Wales government. The commonwealth environmental water holder, Simon Banks, announced on Monday that he would no longer be releasing water into the river system because 'as a model licence holder' he was no longer confident he is complying with NSW law. Australian National University's Prof Jamie Pittock warned a suspension posed potential risks to some wetland areas and native species of fish and birds. Although the Murray-Darling basin has good levels of water, scientists said the CEWH has been planning to release pulses of environmental water that would set up areas like the Ramsar-protected Macquarie Marshes for dry years ahead. Pittock, who is also a member of the Wentworth Group of Concerned Scientists, said environmental watering occurred on a multi-year cycle and wetter years, such as the current one, were used to water harder-to-reach wetlands. 'In the wetter years the idea is to push the water further out into some of the wetlands that are harder to reach like black box and coolibah forested wetlands,' he said. 'They occur in bands depending on the elevation of the flood plain and they might only get water one year in 10. 'If you miss this wet period to push that water into those harder-to-reach wetlands, they'll be less resilient when the dry years return.' Releasing environmental water is also a key strategy to encourage fish breeding in the lower parts of the river system because the river system is so altered by dams, weirs and irrigation. 'If this pause on watering lasts into spring the danger is we miss this year's trigger for the native fish to get active and breed,' Pittock said. The latest standoff between the commonwealth and the NSW government appears to be due to a legal advice relating to how environmental water releases should be interpreted under NSW non-urban water metering policy. At the heart of the dispute is whether environmental water should be treated as 'take' in the same way as water extracted by irrigators and comply with metering rules. Irrigators are required to meter their 'take' from the system, usually via pumps or channels at a single point in the river. Environmental water licences, in contrast, often use the water by leaving it in the system where it is gradually used as it moves down the river and into wetlands. Banks said the pause 'temporarily' had become necessary as a result of changes to how NSW was interpreting the law in its water sharing policies, adding that he had not received a copy of the legal advice the NSW had sought. He said the change had 'introduced significant complexity and uncertainty, impacting our ability to deliver commonwealth environmental water in NSW'. Sign up to Breaking News Australia Get the most important news as it breaks after newsletter promotion 'Compliance is a core priority for the CEWH. As one of the most heavily regulated water users in the Murray-Darling Basin, we are committed to acting as a model licence holder. The CEWH team is working diligently to find a resolution,' Banks said. 'We will only proceed with our watering actions once we are confident all our obligations are met under the current interpretation of NSW rules.' Mel Gray, a water campaigner at the Nature Conservation Council of NSW, said the situation was 'unprecedented'. 'This delay of critical water for the rivers is a result of a system that has been designed to prioritise irrigators over environmental water,' she said. The NSW Greens water spokesperson, Cate Faehrmann, said it was 'deeply concerning' environmental flows had been suspended while 'jurisdictions debate basic terminology'. 'The Minns government must treat this as a top priority, including addressing any confusion that has led to this freeze on environmental watering to ensure that it can resume in the earliest possible timeframe,' she said. A spokesperson for the NSW environment and water department said the government was 'taking important steps to ensure all water is effectively and transparently accounted for'. 'Environmental water holders, in an abundance of caution, have suspended delivery of some environmental water in order to ensure they remain within the law,' they said. 'We have discovered a technical issue in the way the NSW Water Management Act is drafted, which we are working to resolve.'
Yahoo
07-08-2025
- Business
- Yahoo
Watts Water Technologies (NYSE:WTS) Reports Bullish Q2
Water management manufacturer Watts Water (NYSE:WTS) announced better-than-expected revenue in Q2 CY2025, with sales up 7.8% year on year to $643.7 million. Its non-GAAP profit of $3.09 per share was 17.7% above analysts' consensus estimates. Is now the time to buy Watts Water Technologies? Find out in our full research report. Watts Water Technologies (WTS) Q2 CY2025 Highlights: Revenue: $643.7 million vs analyst estimates of $612.9 million (7.8% year-on-year growth, 5% beat) Adjusted EPS: $3.09 vs analyst estimates of $2.63 (17.7% beat) Operating Margin: 21%, up from 18.7% in the same quarter last year Free Cash Flow Margin: 9.2%, down from 13.1% in the same quarter last year Organic Revenue rose 5.8% year on year (0.4% in the same quarter last year) Market Capitalization: $8.80 billion Chief Executive Officer Robert J. Pagano Jr. said, 'We delivered another strong quarter that surpassed our expectations as we achieved record sales, operating income, operating margin and EPS. We continue to demonstrate our ability to execute through periods of uncertainty, enabled by the Watts team's unwavering focus and commitment to serving our customers. As a result of our strong first half performance and our third quarter expectations, we are increasing our full year 2025 sales and margin outlook.' Company Overview Founded in 1874, Watts Water (NYSE:WTS) specializes in manufacturing water products and systems for residential, commercial, and industrial applications globally. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can have short-term success, but a top-tier one grows for years. Thankfully, Watts Water Technologies's 8.6% annualized revenue growth over the last five years was decent. Its growth was slightly above the average industrials company and shows its offerings resonate with customers. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Watts Water Technologies's recent performance shows its demand has slowed as its annualized revenue growth of 7.1% over the last two years was below its five-year trend. Watts Water Technologies also reports organic revenue, which strips out one-time events like acquisitions and currency fluctuations that don't accurately reflect its fundamentals. Over the last two years, Watts Water Technologies's organic revenue was flat. Because this number is lower than its two-year revenue growth, we can see that some mixture of acquisitions and foreign exchange rates boosted its headline results. This quarter, Watts Water Technologies reported year-on-year revenue growth of 7.8%, and its $643.7 million of revenue exceeded Wall Street's estimates by 5%. Looking ahead, sell-side analysts expect revenue to grow 1.7% over the next 12 months, a deceleration versus the last two years. This projection is underwhelming and indicates its products and services will face some demand challenges. At least the company is tracking well in other measures of financial health. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Operating Margin Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Watts Water Technologies has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 16.1%. This result isn't surprising as its high gross margin gives it a favorable starting point. Analyzing the trend in its profitability, Watts Water Technologies's operating margin rose by 4.9 percentage points over the last five years, as its sales growth gave it operating leverage. This quarter, Watts Water Technologies generated an operating margin profit margin of 21%, up 2.4 percentage points year on year. Since its gross margin expanded more than its operating margin, we can infer that leverage on its cost of sales was the primary driver behind the recently higher efficiency. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Watts Water Technologies's EPS grew at an astounding 20.7% compounded annual growth rate over the last five years, higher than its 8.6% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. Diving into the nuances of Watts Water Technologies's earnings can give us a better understanding of its performance. As we mentioned earlier, Watts Water Technologies's operating margin expanded by 4.9 percentage points over the last five years. On top of that, its share count shrank by 1.5%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Watts Water Technologies, its two-year annual EPS growth of 11.7% was lower than its five-year trend. We still think its growth was good and hope it can accelerate in the future. In Q2, Watts Water Technologies reported adjusted EPS at $3.09, up from $2.46 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Watts Water Technologies's full-year EPS of $9.54 to stay about the same. Key Takeaways from Watts Water Technologies's Q2 Results We were impressed by how significantly Watts Water Technologies blew past analysts' organic revenue expectations this quarter. We were also excited its revenue outperformed Wall Street's estimates by a wide margin. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $263.73 immediately following the results. So do we think Watts Water Technologies is an attractive buy at the current price? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
The Hindu
18-07-2025
- Politics
- The Hindu
Sriram Vedire appointed Adviser (Water Resources) to Maharashtra CM
Sriram Vedire has been appointed as the Adviser (Water Resources) to the Chief Minister of Maharashtra for a term co-terminus with the present Chief Minister (Devendra Fadnavis). A native of Nalgonda, Mr. Sriram functioned as the Adviser to the Ministry of Water Resources or Jal Shakti, Government of India, from 2014 to 2024 and also as the Chairman of Task Force on Interlinking of River, GoI, in 2019-24. Prior to that, he was associated with the Parliamentary Standing Committee on Water Resources and advised it on various aspects of water management such as Ground Water Recharge, National Water Policy 2012 and others. He was also a member of the team set up by then Union Minister of Water Resources Uma Bharti to study and suggest measures to maintain 'Aviral (un-interrupted and continuous) flow of River Ganga at Tehri Dam' and other such dams obstructing the river's flow. Before taking over as the Adviser to the MoWR/MoJS in 2014, he was also a member of the Task Force set up by the Government of Rajasthan on Integrated Command and Catchment Area Development and submitted a report on the revival of River Saraswati in Rajasthan. He authored several books, including 'Gujarat's Success Story in Water Management', 'Water Grid for Telangana and Andhra Pradesh using Rivers Godavari and Krishna' and 'Innovative Water Management Practices Indispensable for India'. Before returning to India in 2009, he worked as an engineer in the USA.
Time of India
24-06-2025
- Business
- Time of India
To boost farmers' income, UP to modernise irrigation systems with central scheme
1 2 3 Lucknow: To reduce the dependence of farmers on traditional systems of irrigation and rainfall, the state govt will be implementing the 'modernisation of command area development and water management programme, a central govt initiative for which it has already sanctioned Rs 1,600 crore. Its key highlights include the formation of society clusters for joint irrigation system management, the use of modern irrigation tools, and the adoption of the 'one cluster, one crop' model. The programme will initially be launched as a pilot project in some areas, and IIT Kanpur will support it technically. "The programme will ensure consistent water supply to fields and significantly boost farmers' income. It will deliver water directly to every farm using a Pressurized Pipe Irrigation Network instead of outdated systems. This modern technology will ensure up to 90% water-use efficiency, reduce energy consumption, and increase crop yield," said irrigation and water resources secretary GS Naveen. The project is being implemented under the Pradhan Mantri Krishi Sinchai Yojana, integrating two major components of the Ministry of Jal Shakti: the Command Area Development and Water Management and the Accelerated Irrigation Benefit Programme. You Can Also Check: Lucknow AQI | Weather in Lucknow | Bank Holidays in Lucknow | Public Holidays in Lucknow While phase one will be completed by March 2026, phase two beginning in April 2026 will continue through 2031. In the first phase, farmers will be given training to use modern irrigation tools like pipes, sensors, pumps, and filters that will help save 150 million cubic metres in the first phase alone. It will also lead to employment generation for thousands of people, the official claimed. "The project will be monitored at national, state, and district levels by a central committee headed by the secretary of the ministry of Jal Shakti department, the chief secretary at the state level, and district magistrates at the local level. Additionally, real-time tracking will be enabled through advanced tools. Chief Minister Yogi Adityanath has directed officials to complete the pilot phase on time.
Zawya
11-06-2025
- Business
- Zawya
Imdaad and InterWater collaborate on cutting-edge water treatment project in Dubai
Dubai, UAE – Imdaad, a Dubai-based group of companies providing integrated, sustainable Facilities Management (FM) services to enhance the operational efficiencies of physical assets, has signed a new three-year contract with InterWater International LLC (InterWater) for the development of an innovative Reverse Osmosis (RO) water management project. This marks Imdaad's third collaboration with InterWater, a leading provider of mobile water and wastewater treatment solutions in the UAE and GCC since 2006. The signing ceremony, which took place at Imdaad corporate office was attended by Mahmood Rasheed, Chief Operating Officer of Imdaad and Michael Harrison, Managing Director of InterWater, along with representatives from both sides. Under the terms of the agreement, InterWater will construct Treated Sewage Effluent (TSE) Polishing Reverse Osmosis facilities across Imdaad's Sewage Treatment Plants (STPs) with a capacity of around 3,000 CMD. (3,000,000 liters per day, 1.1 billion liters per year). The treated water will be utilized across various industries, including district cooling plants and the construction sector, and reduce reliance upon potable water sources. Imdaad will supply the required TSE on a regular basis, while also monitoring daily RO water production. For its part, Interwater will supply and operate its Mobile Containerized UF and RO technology, and provide operational manpower to the TSE plants, with dedicated personnel available around the clock. Commenting on the agreement, Mahmood Rasheed, Chief Operating Officer of Imdaad, said: 'This project marks a significant milestone in our two-year partnership with InterWater. Together, we have helped set new standards for water security, sustainability, and environmental stewardship across our industry. We are grateful for the strong foundation of trust we have built with InterWater, and look forward to providing world-class, sustainable services that will positively impact the UAE's environment.' Integrating TSE polishing RO plants into existing water management strategies provides high-quality water for industrial, construction and cooling tower purposes, reducing the need for desalination. Furthermore, by offering an alternative to conventional water sources, TSE polishing RO plants reduce the overall carbon footprint associated with water supply and wastewater management. With the wastewater recycling plants totaling 3,000 m3/day capacity, this project is expected to reduce the net carbon footprint by a total of over 4000 tons of carbon annually, the equivalent of planting as many as 20,000 trees each year. These innovative, green technologies are crucial to the long-term sustainability of the water management industry across the GCC region, and the Dubai vision to achieve a 50% reduction in carbon emissions by 2030. About Imdaad: Imdaad is a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets. Established in 1987, the company was later rebranded as Imdaad in 2007. The FM major's suite of complete turnkey solutions includes Integrated FM, Hard FM, and Home-Pro, as well as Environmental Services such as solid waste and wastewater management and power rentals. In addition, Imdaad's intelligent platform for facilities management, Imtedaad, provides real-time insights on the performance and trends of interconnected assets and ecosystems to offer recommendations for predictive maintenance and corrective actions. Headquartered in Dubai, Imdaad's regional presence today includes site offices, branches and joint ventures across the UAE, Oman and Egypt. Owing to its personalized business model that is based on providing cost-effective and sustainable services, Imdaad has grown to become the partner of choice for customers in a variety of industries. The company's multi-cultural workforce comprises more than 11,000 employees, representing over 45 nationalities. For more information, please visit
