VA Tech Wabag Signs Shareholders Pact for Ghaziabad Bioenergy Project

VA Tech Wabag Limited has executed a shareholders agreement with PEAK Sustainability Venture Fund I, PEAK Sustainability Partners LLP and Ghaziabad Bioenergy Private Limited.

The agreement, signed on April 9, 2026, relates to the development of a compressed bio-gas project in Ghaziabad, Uttar Pradesh.

The project will be executed on a Build-Operate-Transfer model at Dundaheda, aligning with the growing focus on renewable energy and waste-to-energy solutions.

Purpose and Structure of the Agreement

The shareholders agreement defines the relationship among the parties and sets out governance, management, and operational control of the special purpose vehicle. It establishes a framework for decision-making, ensuring clarity in roles and responsibilities among stakeholders.

At the time of incorporation, VA Tech Wabag holds 5,100 equity shares, while PEAK Sustainability Partners holds 4,900 equity shares in the SPV, reflecting a near-equal ownership structure.

Key Terms and Governance Framework

The agreement includes provisions such as equal representation of nominee directors from both Wabag and PEAK on the board of the SPV. It also outlines rights related to share subscription, restrictions on changes in capital structure, and mechanisms like the right of first refusal.

A lock-in period of three years has been established for shareholding, along with restrictions on share transfers without prior consent of all parties. These provisions are aimed at ensuring stability and long-term commitment to the project.

Investment and Strategic Importance

Both Wabag and PEAK have agreed to invest in the SPV with an economic interest of up to 50% each, either directly or through affiliates. The collaboration reflects a strategic move to tap opportunities in the compressed bio-gas segment, which is gaining traction in India’s clean energy transition.

The project is expected to contribute to sustainable waste management and renewable energy generation in the region.

VA Tech Wabag Share Price Today

On April 10, 2026, VA Tech Wabag share price (NSE: WABAG) opened at ₹1,330.00, touching the day’s high at ₹1,357.00, as of 11:31 AM on the NSE.

Also Read: VA Tech WABAG Wins Wastewater Treatment Project in Georgia!

Conclusion

The execution of the shareholders agreement marks a key step in advancing the Ghaziabad bioenergy project. With a clear governance framework and balanced ownership, the partnership between Wabag and PEAK is well-positioned to support the successful implementation of the CBG initiative.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.