Insolation Energy Limited has announced a strategic expansion in the solar power sector through the incorporation of a new step-down subsidiary. The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, has established VJPG Green Infra Private Limited as a special purpose vehicle (SPV) for solar power plant development and operations.

Key Details of the New Subsidiary

• Name: VJPG Green Infra Private Limited
• Incorporation Date: September 20, 2025
• CIN: U43222RJ2025PTC106718
• Authorized Share Capital: Rs. 1.00 lakh, divided into 10,000 equity shares of Rs. 10.00 each
• Ownership: 100% owned by Insolation Green Energy Private Limited
• Initial Investment: Rs. 1.00 lakh through cash consideration

Business Focus

VJPG Green Infra Private Limited is set to operate in India's burgeoning solar industry. The company's primary objectives include:

• Solar power plant development, erection, and installation
• Construction, operation, and maintenance of renewable energy power plants
• Design, supply, and commissioning of rooftop solar photovoltaic projects
• Comprehensive operation and maintenance (O&M) of solar installations

Strategic Implications

This move by Insolation Energy demonstrates the company's commitment to expanding its presence in the renewable energy sector. By creating a dedicated SPV for solar projects, the company is positioning itself to capitalize on the growing demand for clean energy solutions in India.

Regulatory Compliance

The incorporation of VJPG Green Infra Private Limited has been disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This ensures transparency for shareholders and complies with the latest SEBI circulars on corporate disclosures.

Future Outlook

While VJPG Green Infra Private Limited is yet to commence business operations, its establishment signals Insolation Energy's proactive approach to capturing opportunities in the solar power market. As India continues to prioritize renewable energy sources, this new subsidiary could play a crucial role in the company's growth strategy.

Insolation Energy has announced a significant expansion of its solar power portfolio through its wholly-owned subsidiary, Insolation Green Energy Private Limited. The company has incorporated multiple new special purpose vehicles (SPVs) for setting up solar power plants, marking a strategic move to strengthen its position in the renewable energy sector.

New Solar Power SPVs

Insolation Green Energy Private Limited incorporated two new wholly-owned subsidiaries:

1. HEPJ Green Infra Private Limited
2. RDPJ Green Infra Private Limited

These additions follow the incorporation of several other SPVs in the preceding days:

• DJRG Green Infra Private Limited
• NVJG Green Infra Private Limited
• PGNJ Green Infra Private Limited
• SRGE Green Infra Private Limited
• GNVP Green Infra Private Limited
• MGPE Green Infra Private Limited
• PRMJ Green Infra Private Limited

Each of these newly formed entities has an authorized share capital of Rs. 1.00 lakh, divided into 10,000 equity shares of Rs. 10.00 each. Insolation Green Energy Private Limited holds 100% of the equity shares in each SPV.

Business Focus

The primary objective of these SPVs is to engage in various aspects of solar power plant development, including:

• Erection, installation, and construction of solar power plants
• Operation and maintenance services
• Consultancy for renewable energy power plants
• Design, supply, and commissioning of rooftop solar photovoltaic projects

Strategic Expansion

This rapid incorporation of multiple SPVs signals Insolation Energy's expansion strategy in the solar power sector. By creating dedicated entities for different projects, the company aims to streamline operations and potentially take advantage of project-specific opportunities and incentives in the renewable energy space.

Loan Sanction for Manufacturing Facility

In a related development, Insolation Energy disclosed that the Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned a loan of Rs. 1,134.00 crore to Insolation Green Energy Private Limited. This loan will finance a new 4.5 GW Solar Cell Manufacturing facility in Madhya Pradesh, with a total project cost of approximately Rs. 1,512.00 crore.

Future Outlook

Insolation Energy is progressing with its plans for backward and forward integration across the solar energy value chain. The company's group targets for manufacturing capacity include:

• 7 GW PV Module Manufacturing Capacity
• 4.5 GW Solar Cell Manufacturing Capacity
• 18,000 MTA Aluminium Frame Production

Additionally, the company has proposed plans for 3 GW of Ingot & wafer manufacturing, further solidifying its position in the solar energy sector.

As these newly incorporated SPVs begin operations and the manufacturing facility comes online, Insolation Energy is poised for growth in India's renewable energy market.