Mumbai, March 12:
Several listed Indian companies reported corporate developments including promoter share transactions, a major infrastructure project win, and debt management activity, according to recent regulatory disclosures.
VA Tech Wabag Ltd announced that it has secured a “Mega” public-private partnership (PPP) project from Chennai Metropolitan Water Supply and Sewerage Board for a 45 million litres per day (MLD) Tertiary Treatment Reverse Osmosis (TTRO) plant in Kodungaiyur, Chennai. The project, valued at more than ₹1,000 crore, will be executed under a Refurbish–Finance–Operate–Maintain–Transfer (RFOMT) model. Under the agreement, the company will refurbish and upgrade the facility to restore its full capacity within 18 months and subsequently operate and maintain the plant for 18.5 years.
Company officials said the project strengthens WABAG’s position in advanced water recycling and reuse solutions while supporting Chennai’s efforts to build a circular water economy. The company already operates similar TTRO facilities including a 45 MLD plant in Koyambedu and a 40 MLD project in Ghaziabad under PPP mode.
Separately, promoter share transactions were disclosed in several listed firms. In Umiya Buildcon Limited, promoter group entity Umiya Holding Private Limited acquired 1,000 equity shares through an open market purchase on March 11, 2026. Following the transaction, the promoter entity’s stake increased to 71,23,066 shares, representing 38.12% of the company’s total equity share capital of 1,86,84,602 shares.
In another disclosure, Apcotex Industries Ltd reported an inter-se transfer of 62,280 shares, representing about 0.12% of its share capital. The shares will be transferred to promoter Rita Ashok Parekh from promoters Rita Ashok Parekh and Janaki Parekh without consideration. After the transfer scheduled for March 18, 2026, Rita Ashok Parekh’s holding will increase to 0.61% from 0.49%. The transaction is exempt from open-offer requirements under the SEBI (SAST) Regulations, 2011.
Promoters of Jonjua Overseas Limited also acquired shares through an off-market transaction. Harmanpreet Singh Jonjua and Ranbir Kaur Jonjua purchased 4,67,394 and 4,67,395 equity shares respectively on March 11, 2026. Following the acquisition, Harmanpreet Singh Jonjua’s stake increased to 5.29% while Ranbir Kaur Jonjua’s holding rose to 2.48%.
Meanwhile, Adani Ports & Special Economic Zone Ltd announced the final results of its cash tender offers, repurchasing $500,000 of its 4.0% senior notes due 2027 and $2.13 million of its 3.10% senior notes due 2031. The settlement of the repurchase is expected around March 16, 2026, as part of the company’s capital management strategy to optimize its debt structure.
Key Facts
Major Project: WABAG wins ₹1,000+ crore PPP project in Chennai
Plant Capacity: 45 MLD TTRO facility at Kodungaiyur
Execution: 18-month refurbishment + 18.5-year operation period
Promoter Buying:
Umiya Holding increases stake in Umiya Buildcon to 38.12%
Jonjua Overseas promoters acquire 9,34,789 shares combined
Inter-se Transfer: 62,280 shares transferred in Apcotex Industries
Debt Move: Adani Ports repurchases $2.63 million in senior notes.
