Oriana Power Limited Incorporates Wholly Owned Subsidiary, COREGRID PROJECTS
Oriana Power Limited announced the incorporation of COREGRID PROJECTS PRIVATE LIMITED as its wholly owned subsidiary. The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, confirming the establishment of the new entity.The subsidiary, COREGRID PROJECTS PRIVATE LIMITED, is structured to operate within the power and energy sector. Its main objects of business are diverse, spanning electricity generation, engineering, procurement, and construction (EPC) of power projects, and the operation and maintenance (O&M) of power assets.
The company's intended scope includes providing consultancy in the field of power project processing and operation, and executing general electric power supply across various branches. Furthermore, COREGRID PROJECTS PRIVATE LIMITED is positioned to deal in electrical appliances, solar energy products, and specialized equipment for critical sectors such as defense, Railways, telecommunications, civil aviation, and banking.
Subsidiary Details and Ownership Structure
The subsidiary’s incorporation details highlight its role in the generation and distribution of electric energy. The company was incorporated in India and currently has no turnover, as it is yet to commence business operations.The ownership structure is confirmed as follows:
| Particulars | Detail |
|---|---|
| Subsidiary Name | COREGRID PROJECTS PRIVATE LIMITED |
| CIN | U35101DC2026PTC470276 |
| Authorized Capital | Rs. 100,000/- (One lakh only) |
| Share Capital Structure | 10,000 equity shares of Rs. 10 each |
| Promoter Interest | Wholly owned subsidiary of Oriana Power Limited |
| Consideration Nature | Cash consideration |
| Percentage Shareholding | Oriana Power Limited holds 100% share capital |
The line of business for the subsidiary is centered on the generation of any kind of power or electric energy, making it a related party of Oriana Power Limited.
ORIANA Stock Price Movement
On Friday, Oriana Power Limited shares gained 4.57% to close at ₹2181.15. The stock saw 90,675 shares traded during the session, cementing a strong positive performance for the name.Source:
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