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VA Tech Wabag Limited has incorporated Ghaziabad Bioenergy Private Limited on February 16, 2026, as a 51:49 joint venture with PEAK Sustainability Partners LLP. This subsidiary will develop a compressed bio-gas (CBG) project in Ghaziabad, Uttar Pradesh, on a Build-Operate-Transfer basis.

The initial paid-up capital is Rs 1 lakh, with Wabag holding 51% and PEAK holding 49%. This initiative is part of Wabag's strategy to expand into the bio-CNG and biogas segments, following an earlier agreement to develop 100 CBG plants at sewage treatment facilities across India.