Back
Corporate News
Zodiac Energy Limited forms subsidiary, Zodiac Energy IPP-2, for solar power projects in Gujarat
25-Aug-2026, 07:17
Zodiac Energy Limited has incorporated a wholly-owned subsidiary, Zodiac Energy IPP-2 Private Limited, with a nominal share capital of Rs 10,00,000, according to a regulatory filing on August 25, 2026. The new company, registered in Gujarat, 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 subscribed to 100% of the subsidiary’s initial paid-up share capital, comprising 10,000 equity shares of Rs 10 each.
Zodiac Energy Limited has incorporated a wholly-owned subsidiary, Zodiac Energy IPP-2 Private Limited, with a nominal share capital of Rs 10,00,000, according to a regulatory filing on August 25, 2026. The new company, registered in Gujarat, 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 subscribed to 100% of the subsidiary’s initial paid-up share capital, comprising 10,000 equity shares of Rs 10 each.