Subsidiary27 Jun 2026, 07:30 pm
Powerica Ltd Incorporates Wholly Owned Renewable Energy Subsidiary
AI Summary
Powerica Limited has announced the incorporation of its wholly owned subsidiary, Whisperwind Renewable Private Limited (WRPL), on June 27, 2026. WRPL will focus on developing and constructing renewable power projects, including wind, solar, and hybrid projects. The company has subscribed to 100% of WRPL's paid-up share capital, amounting to ₹25,00,000, for 2,50,000 equity shares at ₹10 each. This move signifies Powerica's strategic expansion into the renewable energy sector.
Key Highlights
- Powerica Ltd establishes a wholly owned subsidiary, Whisperwind Renewable Private Limited.
- The new entity will focus on renewable energy projects, including wind and solar.
- Powerica invests ₹25 Lakhs for 100% ownership of the subsidiary.
- This marks a strategic expansion into the growing renewable energy market.
Price Impact
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