Powerica Limited Invests INR 3 Crore in Fuji-Kailash Energy Private Limited
Powerica Limited has announced a strategic investment in Fuji-Kailash Energy Private Limited (FKEPL), a move aimed at strengthening its portfolio in the renewable power generation sector. The investment, which was approved by the Board of Directors on April 21, 2026, represents an acquisition of up to 49% of the equity share capital of FKEPL.The transaction was finalized on May 22, 2026, with the allotment of equity shares to Powerica Limited as part of a cash consideration agreement. This investment allows the company to enter de-risked renewable assets and secure long-term revenue visibility while supporting its broader ESG framework.
Strategic Expansion into Solar Power
The acquisition marks a significant step for Powerica Limited as it ventures into solar power projects. By acquiring a stake in FKEPL, the company is positioning itself within the growing renewable energy landscape, which includes solar, wind, hybrid, and bio-energy solutions.FKEPL is a newly incorporated entity, established on July 26, 2025, with its registered office based in Ahmedabad, Gujarat. The company specializes in the generation and distribution of renewable power.
Financial Details of the Transaction
The investment involved an outlay of INR 3,00,000 (17,29,106 equity shares of INR 10 each). This transaction is not considered a related party transaction. The acquisition was completed without requiring any specific governmental or regulatory approvals.The following table provides a detailed breakdown of the financial and operational status of the target entity:
| Particulars | Details |
|---|---|
| Name of Target Entity | Fuji-Kailash Energy Private Limited (FKEPL) |
| Authorised Share Capital | INR 3,60,000/- |
| Paid-up Share Capital (Pre-investment) | INR 1,80,000/- |
| Paid-up Share Capital (Post-investment) | INR 3,52,91,060/- |
| Turnover | Nil |
| Industry | Renewable Power Generation |
| Investment Amount | INR 3,00,00,000/- |
| Percentage of Shareholding Acquired | 49% |
The acquisition serves to bolster the company's presence in the renewable energy sector and provides a platform for expanding its operational capabilities in green energy production.
POWERICA Stock Price Movement
Powerica Limited shares rallied 2.92% today to settle at ₹591.25 during post-market trading. The stock gained ₹16.75 on a total volume of 492,508 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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