Oriana Power Limited Incorporates Wholly Owned Subsidiary POWERAXIS SERVICES for Energy Projects
Oriana Power Limited announced the incorporation of POWERAXIS SERVICES PRIVATE LIMITED as its Wholly Owned Subsidiary. The subsidiary received its Certificate of Incorporation from the Ministry of Corporate Affairs on April 17, 2026, following the date of incorporation, April 07, 2026.The newly formed entity, POWERAXIS SERVICES PRIVATE LIMITED, has an authorized capital of Rs. 100,000, divided into 10,000 equity shares of Rs. 10 each. The company's turnover is currently Nil, as it has yet to commence business operations.
Subsidiary Details and Corporate Structure
The key details of the newly established subsidiary are summarized below:| Particulars | Detail |
|---|---|
| Name | POWERAXIS SERVICES PRIVATE LIMITED |
| CIN | U35101DC2026PTC470274 |
| Authorized Capital | Rs. 100,000 (10,000 equity shares of Rs. 10 each) |
| Turnover | Nil (yet to commence business operations) |
| Ownership Status | Wholly owned subsidiary of Oriana Power Limited (Related Party) |
Business Focus and Operational Objectives
POWERAXIS SERVICES PRIVATE LIMITED's operations are set within the sector of generating power or electric energy. The company's primary objects of business are broad, focusing on comprehensive power solutions and sustainable energy development.The core activities include:
- Power Generation and Services: Generating power, executing EPC for power projects, and undertaking the operation and maintenance of power projects. The company aims to provide consultancy in the field of power project processing and maintenance.
- Energy Supply: Carrying on general electric power supply business, including constructing, establishing, fixing, and running necessary power stations, cables, wires, lines, and accumulators.
- Market Activities: Processing, buying, selling, and exchanging energy in all kinds of electrical appliances, including specialized equipment for the defence, Railways, civil aviation, and telecommunications sectors.
- Sustainable Fuels: The business scope encompasses both conventional and nonconventional energy sources. This includes Compressed Bio Gas, Battery Energy Storage Systems, Hydrogen Electrolyzers, Green Hydrogen, and e-Fuels.
- Renewable Development: The company is focused on the research, development, manufacturing, production, and commercialization of renewable and sustainable fuels such as hydrogen, fuel cells, green ammonia, e-methanol, and green methanol.
Transaction and Ownership Details
The incorporation and ownership structure of the subsidiary were established through a transaction involving Oriana Power Limited.Oriana Power Limited holds 100% share capital of POWERAXIS SERVICES PRIVATE LIMITED, classifying it as a wholly owned subsidiary. The nature of the consideration for this arrangement was determined to be cash consideration, funded by the initial 100% subscription to the share capital by Oriana Power Limited.
The combined operations of the group include conducting feasibility studies, market research, and technology assessments to advance these energy solutions, alongside providing consulting and advisory services both domestically and internationally in the renewable energy sector.
ORIANA Stock Price Movement
On Friday, Oriana Power Limited shares edged higher, closing at ₹2189.1, reflecting a solid 4.57% gain for the day. The stock found strong support, trading on a volume of 90,675 shares and reaching a day high of ₹2209.15.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.
Last edited by a moderator: