Subsidiary26 Jun 2026, 06:50 pm
Powerica Ltd Incorporates Windfusion Renewable Private Limited
AI Summary
Powerica Limited has announced the incorporation of its wholly owned subsidiary, Windfusion Renewable Private Limited (WRPL), on June 26, 2026. WRPL will focus on the development and construction of renewable power projects, including wind, solar, and hybrid projects. The company has subscribed to 100% of WRPL's paid-up share capital, amounting to INR 25,00,000, for 2,50,000 equity shares at a face value of INR 10 each. This move signifies Powerica's strategic expansion into the renewable energy sector.
Key Highlights
- Powerica Ltd establishes a wholly owned subsidiary, Windfusion Renewable Private Limited.
- The new entity will focus on renewable energy projects, including wind and solar.
- Powerica invested INR 25,00,000 for 100% shareholding in the subsidiary.
- This marks a strategic expansion into the renewable energy sector.
Price Impact
More from POWERICA