Oriana Power Limited Incorporates Wholly Owned Subsidiary, EVERCORE PROJECTS PRIVATE LIMITED
Oriana Power Limited has announced the successful incorporation of a new wholly owned subsidiary, EVERCORE PROJECTS PRIVATE LIMITED. The Certificate of Incorporation for the new entity was issued by the Ministry of Corporate Affairs on April 07, 2026, with the company receiving confirmation of the incorporation on April 17, 2026.The new subsidiary, EVERCORE PROJECTS PRIVATE LIMITED, operates within the power and energy sector, specifically focusing on the generation of all types of power or electric energy.
Oriana Power Limited’s core business involves comprehensive activities across the energy value chain. The company generates power, handles Engineering, Procurement, and Construction (EPC) of power projects, and manages the operation and maintenance (O&M) of power plants. Furthermore, the company provides consulting and advisory services in the field of power project management.
The subsidiary's operational scope aligns with Oriana Power Limited's broader ambitions, which include construction and distribution of electricity to both public and private sectors. Oriana Power Limited is actively involved in both conventional and nonconventional energy sources. These nonconventional sources include Compressed Bio Gas (CBG), Battery Energy Storage Systems (BESS), Green Hydrogen, and e-Fuels.
The acquisition details confirm that Oriana Power Limited controls the subsidiary entirely. The investment was completed through cash consideration, representing a 100% initial subscription to the share capital by Oriana Power Limited.
A detailed overview of the subsidiary and the transaction structure is provided below.
| Particulars | Details |
|---|---|
| Subsidiary Name | EVERCORE PROJECTS PRIVATE LIMITED |
| CIN | U35101DC2026PTC470275 |
| Authorized Capital | Rs. 100,000 (divided into 10,000 equity shares of Rs. 10 each) |
| Nature of Ownership | Wholly owned subsidiary of Oriana Power Limited |
| Industry | Generation of any kind of power or electric energy |
| Date of Incorporation | April 07, 2026 |
| Last 3 Years Turnover | Nil (yet to commence business operations) |
| Consideration Type | Cash consideration |
| Oriana Power Shareholding | 100% |
ORIANA Stock Price Movement
On Friday, Oriana Power Limited shares rallied, closing at ₹2189.1 after gaining 4.57% for the session. The stock found robust support on the move, trading on substantial volume of 90,675 shares.Source:
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