Powerica Limited Establishes Wholly Owned Subsidiary for Renewable Energy Projects
Powerica Limited has established a Wholly Owned Subsidiary (WOS) focused on the renewable energy sector, named Whisperwind Renewable Private Limited. The company was officially incorporated in India on June 27, 2026.Whisperwind Renewable Private Limited (WRPL) is dedicated to the development and construction of various green power initiatives. Its primary business objects include setting up and executing wind power projects, solar power projects, Wind-Solar Hybrid Projects, or any other related renewable energy ventures, as well as all allied activities pertaining to the creation of wind parks and power generation from these sources.
The incorporation involved a cash consideration transaction by Powerica Limited. The subsidiary's structure is detailed below:
| Particulars | Details |
|---|---|
| Entity Name | Whisperwind Renewable Private Limited (WRPL) |
| Date of Incorporation | June 27, 2026 |
| Industry | Renewable Energy |
| Nature of Consideration | Cash consideration |
The investment details specify that Powerica Limited subscribed to the entire paid-up share capital of WRPL. The company acquired 100% control over the WOS through the subscription of 2,50,000 equity shares at a face value of INR 10 per share. This transaction aggregated to a total investment cost of INR 25,00,000/-.
Powerica Limited serves as the holding company for WRPL, marking this entity as a Wholly Owned Subsidiary (WOS) in the Renewable Energy industry.
POWERICA Stock Price Movement
On Thursday, Powerica Limited's stock slipped by 0.42% to settle at ₹660.25, shedding ₹2.80 from its previous close. The equity had demonstrated considerable strength during the session, having touched a 52-week high amidst heavy trading of 259,714 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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