Powerica incorporates Windfusion Renewable as wholly owned subsidiary
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Powerica Limited has incorporated Windfusion Renewable Private Limited (WRPL) as its wholly owned subsidiary in India on June 26, 2026. WRPL will operate in the renewable energy space, covering wind, solar, and wind-solar hybrid power projects. Powerica subscribed to 100 percent of the paid-up capital, 2,50,000 equity shares at face value of Rs 10 each, aggregating to Rs 25 lakh, funded through cash. No additional regulatory approvals were needed for the incorporation.
Strategic expansion into renewable energy through a wholly owned subsidiary. Modest cash outlay of Rs 25 lakh, so minor near-term financial impact but a positive long-term direction.