Insolation Energy Limited , a prominent player in the solar industry, has taken a significant step towards expanding its renewable energy portfolio. The company announced the incorporation of a new subsidiary, MGVI Green Infra Four Private Limited, on July 23, 2025, marking a strategic move to strengthen its position in the solar power sector.

Key Details of the New Subsidiary

The newly formed entity, MGVI Green Infra Four Private Limited, has been established with an authorized share capital of Rs. 1,00,000, divided into 10,000 equity shares of Rs. 10 each. The ownership structure of the subsidiary reflects a strategic partnership:

• Insolation Energy Limited: 60% equity shares
• Manish Gupta (Promoter): 20% equity shares
• Vikas Jain (Promoter): 20% equity shares

Business Focus and Objectives

MGVI Green Infra Four Private Limited is set to operate within the solar industry, with a comprehensive scope of activities including:

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

This broad range of services positions the new subsidiary to capitalize on various aspects of the growing renewable energy market in India.

Regulatory Compliance and Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Insolation Energy Limited promptly disclosed the incorporation of its new subsidiary. The company filed the necessary documentation with the BSE Limited, ensuring transparency in its corporate actions.

Strategic Implications

The formation of MGVI Green Infra Four Private Limited aligns with Insolation Energy Limited's strategy to expand its presence in the renewable energy sector. By creating a dedicated subsidiary for solar and renewable energy projects, the company is poised to:

1. Enhance its operational capabilities in solar power plant development
2. Diversify its service offerings within the renewable energy space
3. Potentially increase its market share in the growing solar industry

Looking Ahead

As India continues to prioritize renewable energy sources, Insolation Energy Limited's expansion through this new subsidiary could position the company to capitalize on upcoming opportunities in the sector. The move demonstrates the company's commitment to growth and its confidence in the future of solar energy in India.

Investors and industry observers will likely keep a close watch on MGVI Green Infra Four Private Limited's progress and its impact on Insolation Energy Limited's overall performance in the coming years.

Insolation Energy Limited has announced a significant development in its renewable energy portfolio. A subsidiary of the company has been awarded a substantial solar project by Jaipur Vidyut Vitran Nigam Limited (JVVNL), marking a notable advancement in India's push for sustainable energy solutions in the agricultural sector.

Project Details

The project, awarded under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, involves the installation of a 109.79 MW solar power facility. This initiative aligns with the Indian government's efforts to promote the use of solar energy in agriculture, aiming to reduce reliance on grid-connected power for irrigation and other agricultural activities.

PM-KUSUM Scheme

The PM-KUSUM scheme, launched by the Indian government, is designed to:

• Provide energy independence to farmers
• Increase farmers' income
• Reduce dependence on diesel in the agricultural sector
• Promote environmental sustainability

By securing this project, Insolation Energy's subsidiary is positioning itself as a key player in the implementation of this important national initiative.

Implications for Insolation Energy

This contract represents a significant opportunity for Insolation Energy Limited:

• Expanded Portfolio: The 109.79 MW project adds substantial capacity to the company's renewable energy portfolio.
• Revenue Growth: The project is likely to contribute positively to the company's future revenue streams.
• Market Position: This award strengthens Insolation Energy's position in the competitive solar energy market, particularly in projects related to agricultural applications.

Looking Ahead

As India continues to push for greater adoption of renewable energy, particularly in sectors like agriculture, companies like Insolation Energy are well-positioned to play a crucial role. The successful implementation of this project could pave the way for further opportunities in the expanding solar energy market, both within the PM-KUSUM scheme and beyond.

Investors and industry observers will likely be watching closely to see how this project unfolds and its impact on Insolation Energy's overall performance in the coming quarters.