Sahaj Solar Limited announced the incorporation of its subsidiary, Sahaj Renewable Power Limited (Private Limited by Shares), on October 31, 2024, in Uganda. This newly formed entity aims to engage in the generation, accumulation, distribution, and supply of solar energy for various consumers, including governments, state electricity boards, and industrial units. As a newly incorporated company, Sahaj Renewable Power Limited has not yet commenced operations and consequently has no existing size or turnover. The acquisition of this subsidiary does not fall within related-party transactions, and no governmental or regulatory approvals are required for its incorporation. Sahaj Solar Limited holds a 75% stake in the newly formed subsidiary.
Earlier, the company achieved a significant milestone by securing a contract from the BSF to install two 25 kW off-grid solar power plants. This project, valued at approximately Rs 15.54 crore, will be executed at BSF Gopalpur and BSF Cooch Behar. In parallel, the company has initiated discussions with Cliantech Solutions and Technologies LLP to establish a 1.5 GW solar module production line, demonstrating its focus on both project execution and domestic manufacturing capabilities to meet the rising demand for solar energy solutions.
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