Powerica approves sale of 49% of Windstride to GE Renewable R&D India
POWERICA · price
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Powerica's board approved selling 1,22,500 Windstride shares, equal to 49 percent, to GE Renewable R&D India. After transfer, Powerica will retain 51 percent and Windstride will remain a subsidiary. For the quarter ended September 30, 2026, consolidated revenue was Rs 847.60 crore and profit after tax was Rs 70.92 crore, against Rs 831.55 crore and Rs 83.96 crore a year earlier.
Powerica retains 51 percent and control of Windstride after GE Renewable buys 49 percent. It becomes a jointly owned, consolidated subsidiary.