Rudra Gas incorporates bio energy subsidiary, holds 51 percent stake
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Rudra Gas Enterprise has incorporated Rudra Bio Energy Private Limited as a 51 percent subsidiary on 20 June 2026, with the certificate received on 23 June. The new subsidiary will operate in bio fuels and related gases, including hydrogen, oxygen, methane, nitrogen, helium and ethanol. The company subscribed to 5100 equity shares of Rs 10 each, totalling Rs 51,000. The move is aimed at expanding the business horizon and sharing resources. Not a related party transaction.
Sets up a new bio fuels vertical for Rudra Gas. Investment size is small, so limited immediate financial impact, but signals diversification.