Neueon Corporation Ltd. Incorporates Wholly Owned Subsidiary 'Neueon Power Limited'
Neueon Corporation Limited (formerly Neueon Towers Limited) has announced the incorporation of a Wholly Owned Subsidiary (WOS) named "Neueon Power Limited" (NPL). The confirmation of this incorporatio...
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Why is Neueon Towers Limited in the news today?
Neueon Towers Limited (NTL) is in the news due to the incorporation of a subsidiary is a standard corporate action. while it signals expansion into renewable energy, there are no immediate financial gains or losses mentioned, making the sentiment neutral.
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Neueon Corporation Ltd. Incorporates Wholly Owned Subsidiary 'Neueon Power Limited'
December 19, 2025, 12:05 PM
Neueon Corporation Limited (formerly Neueon Towers Limited) has announced the incorporation of a Wholly Owned Subsidiary (WOS) named "Neueon Power Limited" (NPL). The confirmation of this incorporation was received on December 19th, 2025. This move follows a board meeting outcome on November 7th, 2025.
Neueon Power Limited has an authorized capital of ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each, and a paid-up capital of ₹1,00,000, consisting of 10,000 equity shares of ₹10 each. The company's business will focus on setting up power plants, solar and renewable energy systems, hybrid energy systems, and energy storage plants. It will also provide consultancy services for energy efficiency and conservation projects on a turnkey basis.
NPL has been incorporated in India on December 19th, 2025, and registered with the Registrar of Companies, Hyderabad. As NPL has yet to commence business operations, its turnover for the last three years is not applicable. Neueon Corporation Limited will hold 100% of the share capital of NPL. The company is currently in the process of updating its name from Neueon Towers Limited to Neueon Corporation Limited as per regulatory requirements.
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