VA TECH WABAG LIMITED (WABAG) has successfully incorporated a new wholly-owned subsidiary, GHAZIABAD BIOENERGY PRIVATE LIMITED, effective February 16, 2026. This entity is formed as a joint venture in partnership with PEAK Sustainability Partners LLP. The subsidiary is established as a Special Purpose Vehicle to execute a Compressed Bio-Gas (CBG) project on a Build-Operate-Transfer (BOT) basis in Ghaziabad, Uttar Pradesh. WABAG holds a 51% equity stake in the new venture.
Formation of New Indian Subsidiary
VA TECH WABAG LIMITED (“WABAG”) announced the incorporation of a new Subsidiary Company in India, effective February 16, 2026. The new entity is named GHAZIABAD BIOENERGY PRIVATE LIMITED. This incorporation marks the creation of a joint venture, established in partnership with PEAK Sustainability Partners LLP (“PEAK”).
JV Structure and Purpose
The details released indicate that the subsidiary was established with an initial paid-up capital of INR 1,00,000/-, consisting of 10,000 Equity Shares. WABAG holds a controlling stake of 51%, while PEAK holds the remaining 49%.
The primary objective of GHAZIABAD BIOENERGY PRIVATE LIMITED is to serve as a Special Purpose Vehicle. Its mandate is to execute the Compressed Bio-Gas (‘CBG’) project on a Build-Operate-Transfer (‘BOT’) basis. The project site is located at Dundaheda, Ghaziabad, in Uttar Pradesh. The industry focus is Bio-CNG/Biogas/ Compressed Bio-Gas.
Financial Aspects of Acquisition
The consideration paid by WABAG for acquiring its stake involved INR 51,000/-, corresponding to the subscription of 5100 Equity Shares, each with a face value of INR 10/-. Since the entity is newly incorporated and has not yet commenced business operations, its turnover is currently nil (N.A).
Next Steps
WABAG confirmed that the details provided adhere to the requisite disclosure requirements. The company stated it will communicate further developments, including the post-execution status of definitive agreements, in due course.
Source: BSE
