Mumbai, Jan. 2 -- The newly incorporated subsidiary will focus on the development, establishment, and operation of power generation and renewable energy projects.

ACME Greentech Eighteen was incorporated on 1 January 2026 and has its registered office in Gurugram, Haryana, India.

The company has subscribed to 100% of the initial paid-up share capital of the subsidiary in cash, amounting to Rs 1 lakh, comprising 10,000 equity shares of face value Rs 10 each.

ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.

The company's consolidated net profit stood at Rs 115.06 crore in Q2 FY26, up 652...