corporate restructuring

India | News | Renewable Energy

Adani Green incorporates Skyspin Energy as step-down subsidiary
By February 18, 2026February 18, 2026

Adani Green Energy Limited has incorporated a new step-down subsidiary, Skyspin Energy Limited (SEL). The entity was registered on February 17, 2026, as a wholly owned subsidiary of Adani Renewable Energy Holding Eleven Limited (AREH11L), an existing subsidiary of the company. In a regulatory filing, Adani Green Energy Limited stated that AREH11L has set up SEL as a fully owned entity. Skyspin Energy has been registered with the Registrar of Companies in Gujarat and has…

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India | News | T&D

Genus Power to acquire full ownership of two AMISP subsidiaries
By February 11, 2026February 11, 2026

Genus Power Infrastructures Limited, on February 10, 2026, entered into a Share Purchase Agreement to acquire 100% equity in Himachal Pradesh C Zone Smart Metering Private Ltd. and Genus Assam Package-3 SPV Limited. The acquisition will be carried out by its wholly owned subsidiary, Genus Power Solutions Private Limited. Following completion of the transaction, both entities will move from being step-down subsidiaries to direct wholly owned subsidiaries of Genus Power Infrastructures Limited. The company has…

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India | News | T&D

Power Grid gets approval to merge transmission subsidiaries under two entities
By February 5, 2026February 5, 2026

Power Grid Corporation of India Limited has received regulatory approval to consolidate multiple wholly owned transmission subsidiaries into two entities, as part of a move to streamline its corporate structure. In a disclosure to the stock exchanges dated February 4, 2026, Power Grid said the Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement through orders issued on January 27, 2026. The schemes provide for the merger or amalgamation of seventeen wholly owned…

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India | News | Renewable Energy

NLC India transfers renewable assets to new subsidiary NIRL
By January 2, 2026January 2, 2026

NLC India Limited has completed the transfer of its renewable energy portfolio to a dedicated subsidiary, consolidating its clean energy assets under a single entity. In a disclosure dated 01 January 2026, the company informed the stock exchanges that seven Renewable Energy (RE) assets have been transferred to NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India. The company stated that the transfer took effect on 01 January 2026 under a Business…

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India | News | T&D

POWERGRID approves merger of 13 wholly owned subsidiaries
By December 22, 2025December 22, 2025

Power Grid Corporation of India Limited (POWERGRID) has approved the merger and amalgamation of 13 wholly owned subsidiary special purpose vehicles (SPVs). The decision was taken by the Board of Directors at its meeting held on 20 December 2025 and disclosed to stock exchanges under the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The approved restructuring involves the merger of 11 subsidiary companies into two larger subsidiaries. The move…

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News | Generation | India

GE Power to demerge Durgapur boiler business to JSW Energy
By September 19, 2025October 28, 2025

GE Power India Limited (GEPIL) has approved a scheme of arrangement to demerge its Durgapur-based power boiler components and coal mill manufacturing business into JSW Energy Limited. The board cleared the proposal on 18 September 2025, along with a Demerger Cooperation Agreement. Under the plan, the Durgapur unit, which manufactures power boiler parts, pressure vessels, piping, and coal mills, will be transferred to JSW as a going concern. In return, shareholders of GE Power India…

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