Oriana Power Limited Establishes Wholly Owned Subsidiary, NOVAGRID ENERGY PRIVATE LIMITED
Oriana Power Limited has incorporated NOVAGRID ENERGY PRIVATE LIMITED as a wholly owned subsidiary. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, following the incorporation date of April 07, 2026.NOVAGRID ENERGY PRIVATE LIMITED was formed with an Authorized Capital of Rs. 100,000/- (Rs. One lakh only), divided into 10,000 equity shares of Rs. 10 each. The entity reported nil turnover, as it has yet to commence business operations.
Subsidiary Details
Key details regarding the newly incorporated entity are as follows:| Particulars | Details |
|---|---|
| Name | NOVAGRID ENERGY PRIVATE LIMITED |
| CIN | U35101DC2026PTC470273 |
| Authorized Capital | Rs. 100,000/- (Rs. One lakh only) |
| Equity Shares | 10,000 shares of Rs. 10 each |
| Turnover | Nil |
Business Scope and Transaction Details
The primary business objective of NOVAGRID ENERGY PRIVATE LIMITED is focused on the generation of various forms of power or electric energy.The core activities of the subsidiary, and by extension, the group's focus, cover several areas:
- Power Generation and Operations: Generating power, EPC of power projects, and executing operation and maintenance of power projects.
- Consultancy: Providing consultancy in the field of processing, operation, and maintenance of power projects.
- Energy Supply: Operating as a general electric power supply company, including constructing and maintaining necessary power stations, cables, and lines to distribute electricity to public and private entities.
- Technology Focus: Conducting business in generation, accumulation, promotion, and distribution of electric power, encompassing both conventional and nonconventional energy sources. This includes Compressed Bio Gas, Battery Energy Storage Systems, Hydrogen Electrolyzers, Green Hydrogen, and e-Fuels.
- Research and Development: Engaging in the research, development, manufacturing, and commercialization of renewable and sustainable fuels, such as hydrogen, fuel cells, and green ammonia.
The transaction details confirm that Oriana Power Limited holds 100% share capital of NOVAGRID ENERGY PRIVATE LIMITED. The consideration for this acquisition involves 100% initial subscription to the share capital by Oriana Power Limited.
The subsidiary's line of business is broadly aligned with the parent company's core operations, which involve constructing, installing, and operating power and energy generation facilities across various sources.
ORIANA Stock Price Movement
Oriana Power Limited shares rallied on Friday, settling at ₹2189.10 after gaining 4.57% from the previous close of ₹2085.85. The stock saw robust buying interest, supported by 90,675 shares traded during the session.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.