• SENSEX 74,314.59
    -21.86 (--0.03%)
  • BANKNIFTY 56,292.45
    497.70 (+0.89%)
Back

Corporate News

Zodiac Energy Limited forms subsidiary for solar power generation and EPC activities
15-Sep-2026, 02:34

Zodiac Energy Limited has incorporated a wholly-owned subsidiary, ZODIAC ENERGY IPP-3 PRIVATE LIMITED, with a nominal share capital of Rs 10,00,000, according to a regulatory filing on September 15, 2026. The new company, incorporated on September 14, 2026, will operate as a Special Purpose Vehicle (SPV) for solar power generation and engineering, procurement, and construction (EPC) activities, aligning with Zodiac Energy’s business expansion strategy. Zodiac Energy Limited subscribed to 100% of the subsidiary’s initial paid-up share capital, comprising 10,000 equity shares of Rs 10 each.