Oriana Power Limited has announced the incorporation of OPL Hydrogen Services Private Limited as its wholly owned subsidiary, according to a regulatory filing submitted to the National Stock Exchange.
The newly incorporated entity has an authorized share capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each, and is currently yet to commence business operations, with nil turnover. Oriana Power Limited holds 100% of the share capital in the subsidiary through an initial subscription, with the consideration made in cash.
OPL Hydrogen Services Private Limited will operate in the generation of power or electric energy sector. As outlined in its stated objects, the company may undertake activities including power generation, EPC of power projects, and operations and maintenance of energy infrastructure, along with consultancy services related to power projects.
The subsidiary’s objects also include establishing and operating power infrastructure, manufacturing and dealing in electrical appliances and energy devices, and engaging in the buying, selling, and renting of electric vehicles. Additionally, the company may pursue activities across conventional and non-conventional energy segments such as compressed biogas, battery energy storage systems, hydrogen electrolyzers, green hydrogen, and e-fuels.
Further, the entity’s scope covers research, development, manufacturing, marketing, and commercialization of renewable and sustainable fuels, including hydrogen, fuel cells, green ammonia, and green methanol, along with associated infrastructure, storage, transport, and distribution. The company may also provide consulting and advisory services in the renewable energy sector.
The company stated that no governmental or regulatory approvals are required for the incorporation. The subsidiary is incorporated in India and has been classified as a related party, being a wholly owned subsidiary of Oriana Power Limited.
