VA Tech Wabag said it has already implemented around 40 large biogas generation facilities in various projects globally. The MoU also aims to harness the unutilised potential of sewage treatment plants and to generate Bio-CNG which can be used for mobility applications in trucks and heavy-duty vehicles and for industrial applications.
VA Tech Wabag With Peak: VA Tech Wabag Limited (WABAG) has signed an agreement with Peak Sustainability Ventures (Peak) to establish 100 Bio-CNG plants in India, GCC, Africa, and Europe. The collaboration aims to generate over 73 Million Kgs of Bio-CNG per annum, reducing the need for fossil fuels. Wabag will be responsible for execution, commissioning, and operation of the plants, while Peak will provide energy-related inputs and assist in raising capital.
"Vinay Jaising says: As far as financials are concerned, it would be business as usual which is superb loan book growth whatever numbers, we have seen of loan book growth coming out so far have been between 15% and 20% apart from maybe BOB, which was at about 13%. The IT sector will not grow the revenues of the sector as far as this quarter s earnings are concerned."
As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
For Friday, share market analyst from a domestic brokerage has assigned Buy calls on Torrent Power, Ipca Labs and VA Tech Wabag. Check price targets and other crucial details.