Oriana Power Limited incorporates Wholly Owned Subsidiary to pursue power generation business
Oriana Power Limited has successfully incorporated TRUERE SURYAGRID ENERGY PRIVATE LIMITED as its wholly owned subsidiary. The Certificate of Incorporation for the new entity was issued by the Ministry of Corporate Affairs on August 04, 2026, and received by the company on August 05, 2026.The incorporation move sees Oriana Power Limited securing full control over the new entity, which is designated to focus on the generation of any kind of power or electric energy. This subsidiary falls within the industry dedicated to Generation of any kind of power or electric energy and its purpose is specifically "To deal in generation of any kind of power or electric energy."
As per records available, TRUERE SURYAGRID ENERGY PRIVATE LIMITED has an authorized capital of Rs. 100,000/-, which is stated as One lakh only. This amount is divided into 10,000 equity shares of Rs. 10/- each. Currently, the subsidiary reports Nil turnover as it has yet to commence business operations.
Key details regarding the newly incorporated entity and its relation to Oriana Power Limited are summarized below:
| Particulars | Details |
|---|---|
| Name of Target Entity | TRUERE SURYAGRID ENERGY PRIVATE LIMITED |
| Industry / Objects | Generation of any kind of power or electric energy |
| Date of Incorporation | August 04, 2026 |
| Line of Business | Dealing in generation of any kind of power or electric energy |
| Shareholding Acquired | 100% by Oriana Power Limited |
The incorporation involved a cash consideration structure. The cost of acquisition and the shares were recorded at par, confirming that TRUERE SURYAGRID ENERGY PRIVATE LIMITED is a wholly owned subsidiary of Oriana Power Limited, ensuring the parent company has complete interest in the entity.
ORIANA Stock Price Movement
Shares of Oriana Power Limited today slipped by 2.04% to settle at ₹1430.65 in post-market trading. The equity traded within a range between a session high of ₹1484.6 and a low of ₹1422.35.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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