Rudra Gas invests Rs 3.5 cr in renewable energy subsidiary

Rudra Gas Enterprise Limited has been allotted 35,00,000 equity shares at Rs 10 each in its subsidiary Rudra Global Green Energy Private Limited, totaling Rs 3.5 crore. The investment raises the subsidiary paid-up capital to Rs 6.88 crore. Rudra Gas holding moves marginally from 51 percent to 50.95 percent. The subsidiary is in solar and renewable energy and will use the funds for executing existing and future tenders. It is classified as a related party transaction at arm's length. Subsidiary turnover for FY26 stands at about Rs 3.22 crore against nil in FY25.