Oriana Power Limited Establishes Step-Down Subsidiary SOLARTECH ENERGY PRIVATE LIMITED
Oriana Power Limited has announced the incorporation of SOLARTECH ENERGY PRIVATE LIMITED as a new step-down subsidiary. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on May 19, 2026, for the entity.SOLARTECH ENERGY PRIVATE LIMITED specializes in the generation of power or electric energy. The company's incorporation date was May 14, 2026, and while it has yet to commence business operations, its initial objects include dealing in generation of any kind of power or electric energy.
The new subsidiary solidifies Oriana Power Limited's focus within the power sector. The ownership structure confirms that SOLARTECH ENERGY PRIVATE LIMITED is a wholly owned subsidiary of OPL Solar Services Private Limited, which itself is a wholly owned subsidiary of Oriana Power Limited.
The establishment of the entity involves acquiring 100% of the shareholding through cash consideration, with the cost of acquisition set at par.
Key operational and financial details regarding SOLARTECH ENERGY PRIVATE LIMITED are as follows:
| Particulars | Details |
|---|---|
| Target Entity Name | SOLARTECH ENERGY PRIVATE LIMITED |
| CIN | U35101UW2026PTC253138 |
| Authorized Capital | Rs. 100,000/- (Divided into 10,000 equity shares of Rs. 10 each) |
| Industry | Generation of power or electric energy |
| Date of Incorporation | May 14, 2026 |
| Turnover (Last 3 Years) | Not Applicable (Yet to commence business operations) |
| Nature of Consideration | Cash consideration |
| Shareholding Acquired | 100% (Held by OPL Solar Services Private Limited) |
| Country of Incorporation | India |
ORIANA Stock Price Movement
Oriana Power Limited shares slipped by 0.28% on Tuesday, settling at ₹1801.5 after shedding ₹5.00 from the previous day's close. The stock saw trading activity involving 40,800 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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