VA Tech Wabag gains on developing first Bio-CNG plant in Ghaziabad
VA Tech Wabag is currently trading at Rs. 1390.00, up by 11.85 points or 0.86% from its previous closing of Rs. 1378.15 on the BSE.
The scrip opened at Rs. 1397.75 and has touched a high and low of Rs. 1409.65 and Rs. 1372.65 respectively. So far 8223 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1679.00 on 28-May-2025 and a 52 week low of Rs. 1033.95 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1501.40 and Rs. 1355.00 respectively. The current market cap of the company is Rs. 8657.20 crore.
The promoters holding in the company stood at 19.09%, while Institutions and Non-Institutions held 22.37% and 58.53% respectively.
VA Tech Wabag (WABAG) and PEAK Sustainability Ventures (PEAK) have developed their first Bio-CNG plant in Ghaziabad, Uttar Pradesh. This Project marks the first milestone under their waste-to-energy initiative announced on January 29, 2024, with a shared vision to establish 100 Bio-CNG plants at sewage treatment facilities across India and other markets.
The Bio-CNG Plant will be developed at the 70 MLD Sewage Treatment Plant (STP) in Dundaheda, Ghaziabad, under a Build-Operate-Transfer (BOT) model on a Public Private Partnership basis. The Project will be executed through a newly incorporated special purpose vehicle, Ghaziabad Bioenergy, formed jointly by WABAG and PEAK.
The Plant will capture raw biogas generated at the STP, preventing methane emissions into the atmosphere, and upgrade it into high-quality renewable Bio-CNG fuel. This clean fuel will replace conventional fossil fuels in mobility and industrial applications. By converting an environmental liability into a valuable energy resource, the Project demonstrates a circular, scalable and transformational pathway for India’s energy transition. This initiative also represents a small but meaningful step toward easing global LNG/CNG supply chain pressures by creating a reliable, locally produced renewable gas alternative.
