VA Tech Wabag Incorporates Wholly Owned Subsidiary for Chennai Water Treatment Project
VA Tech Wabag Ltd has established a Wholly Owned Subsidiary Company in India, effective April 01, 2026. The subsidiary, named NORTH CHENNAI TRU WATER PRIVATE LIMITED, has been incorporated with initial operational focus in the Waste Water Treatment sector.The incorporation details were formalized on April 22, 2026. The new entity's stated objective is to engage in the Refurbishment, Finance, Operate, Maintain and Transfer (RFOMT) of a 45 Million Litres per Day (MLD) Tertiary Treatment Reverse Osmosis (TTRO) Plant located in Kodungaiyur, Chennai, Tamil Nadu.
The subsidiary was incorporated with an initial paid-up capital of INR 1,00,000/-. This capital represents 10,000 Equity Shares of INR 10/- each.
Subsidiary Details and Investment Structure
The following table summarizes the key operational and investment details concerning NORTH CHENNAI TRU WATER PRIVATE LIMITED:| Detail | Description |
|---|---|
| Name of Subsidiary | NORTH CHENNAI TRU WATER PRIVATE LIMITED |
| Industry | Waste Water Treatment |
| Effective Date | April 01, 2026 |
| Paid-Up Capital | INR 1,00,000/- (10,000 Equity Shares of INR 10/- each) |
| Shareholding Acquired | 100% Equity Shares held by VA Tech Wabag |
| Consideration Details | Paid towards subscription of Share Capital |
| Cost of Acquisition | INR 100,000/- for 10,000 Equity Shares (face value of INR 10/- each) |
| Turnover | Nil (yet to commence business operations) |
VA Tech Wabag confirmed that the incorporation of the subsidiary is not classified as a related party transaction. The subsidiary, which is registered with the Registrar of Companies in Chennai, India, has no turnover over the last three years as it has yet to commence its business operations.
WABAG Stock Price Movement
VA Tech Wabag Limited shares slipped by 0.07% today, settling at ₹1488.4 after the market closed. The stock saw significant post-market interest, recording a total traded volume of 351,673 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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