Madhav Infra Projects Ltd
Madhav Infra Expands with 9 New Solar SPVs in MP š±ā”
- Incorporated 9 wholly owned subsidiaries as SPVs for solar projects awarded by M.P. Urja Vikas Nigam (Govt. of MP Enterprise).
- Subsidiary names include MIPL SOLAR HANUMANTIYA, BILEHRU, KAKANWANI, and 6 others across MP locations.
- Each SPV has an authorized share capital of ā¹1,00,000 (10,000 equity shares at ā¹10 each).
- Initial paid-up capital: ā¹1,00,000 per subsidiary, fully subscribed in cash by Madhav Infra.
- Company retains 100% ownership in all subsidiaries; no regulatory approvals required.
- Newly formed entities have no prior turnover history (India-based).