Oriana Power Limited Incorporates Step-Down Subsidiary BESSCORE STORAGE PRIVATE LIMITED
Oriana Power Limited (OPL) has announced the incorporation of a new step-down subsidiary, BESSCORE STORAGE PRIVATE LIMITED. The subsidiary was officially incorporated with the Ministry of Corporate Affairs on May 19, 2026.The newly formed entity operates in the sector of generating power or electric energy. This move solidifies OPL’s focus on the power generation sector.
BESSCORE STORAGE PRIVATE LIMITED, identified by CIN U35101UW2026PTC253430, has an authorized capital of Rs. 100,000, divided into 10,000 equity shares of Rs. 10 each. As of the current report, the company’s turnover is listed as Nil, as it has yet to commence business operations.
The shareholding in the subsidiary represents a strategic extension of OPL’s operations. The parent company is establishing a full stake, acquiring 100% of the shareholding held by OPL Bess Services Private Limited, which is itself a wholly owned subsidiary of Oriana Power Limited.
The consideration for the acquisition was structured as cash consideration, paid at par.
For detailed operational and financial specifics, the following data was provided regarding the subsidiary:
| Particulars | Details |
|---|---|
| Target Entity Name | BESSCORE STORAGE PRIVATE LIMITED |
| CIN | U35101UW2026PTC253430 |
| Authorized Capital | Rs. 100,000 (10,000 equity shares of Rs. 10 each) |
| Object/Industry | Generation of any kind of power or electric energy |
| Line of Business | Generation of any kind of power or electric energy |
| Date of Incorporation | 19.05.2026 |
| Country of Incorporation | India |
| Turnover | Nil (yet to commence business operations) |
| Ownership Acquired | 100% of the shareholding held by OPL Bess Services Private Limited |
| Consideration | Cash consideration at par |
ORIANA Stock Price Movement
Shares of Oriana Power Limited today slipped by 1.42% to settle at ₹1775.75, closing down ₹25.50 in post-market trading. The stock saw activity on a volume of 42,450 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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