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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
VA Tech Wabag and PEAK Sustainability Ventures announce f...
2026-05-13 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

VA Tech Wabag and PEAK Sustainability Ventures have announced the development of 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 PRIVATE LIMITED, 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, the statement said.

“Over the life of the project, it is estimated to reduce approximately 250,000 metric tons of carbon emissions. Commercial operations are expected to commence within one year,” VA Tech Wabag said.

In addition to reducing emissions, the project will improve air quality and generate employment for the local community. The company will pay a reverse tipping fee to the Ghaziabad Nagar Nigam for purchasing the biogas.

All major equipment will be sourced domestically, supporting the Government of India’s vision of Atmanirbhar Bharat.

WABAG will lead Project execution and undertake operations and maintenance for a 15-year period.

Published on May 13, 2026