CCI Approves Restructuring of Vishakha Renewables and Merger
POWER & RENEWABLE ENERGY

CCI Approves Restructuring of Vishakha Renewables and Merger

The Competition Commission of India (CCI) has approved a proposed restructuring by Vishakha Renewables Private Limited (VRPL) that will migrate its renewables business and effect a merger into Vishakha Glass Private Limited (VGPL). The decision follows a formal filing and addresses the planned corporate reorganisation across related entities. The proposed combination comprises a sequence of asset transfers and amalgamations intended to consolidate solar and related product manufacturing under the merged entity.

As part of the arrangement VRPL will transfer and vest its pipes division and mouldings division to Progressive Pipes Private Limited (PPPL) as a going concern on a slump sale basis. The plan also envisages the amalgamation of Vishakha Renewables One Private Limited (VR1PL), Vishakha Metals Private Limited (VMPL) and Vishakha Metals One Private Limited (VM1PL) with and into VRPL. Following these steps VRPL will be amalgamated with and into VGPL to create the merged entity.

Vishakha Renewables Private Limited is engaged in manufacturing solar system components including high grade potential induced degradation resistant ethylene vinyl acetate encapsulant and back sheet. It also manufactures micro irrigation systems and polyvinyl chloride and high density polyethylene pipes and produces plastic products such as pallets crates and large bins. Vishakha Renewables One Private Limited was established to produce a range of solar panel components while Vishakha Metals Private Limited and Vishakha Metals One Private Limited were formed to manufacture aluminium frames and other metal components respectively.

Vishakha Glass Private Limited was incorporated to manufacture solar glass for solar systems. Progressive Pipes Private Limited was incorporated to manufacture micro irrigation and drip irrigation systems and pipes including polyvinyl chloride high density polyethylene and medium density polyethylene and to trade granules and related items. The Competition Commission of India will issue a detailed order on the proposed combination in due course.

The Competition Commission of India (CCI) has approved a proposed restructuring by Vishakha Renewables Private Limited (VRPL) that will migrate its renewables business and effect a merger into Vishakha Glass Private Limited (VGPL). The decision follows a formal filing and addresses the planned corporate reorganisation across related entities. The proposed combination comprises a sequence of asset transfers and amalgamations intended to consolidate solar and related product manufacturing under the merged entity. As part of the arrangement VRPL will transfer and vest its pipes division and mouldings division to Progressive Pipes Private Limited (PPPL) as a going concern on a slump sale basis. The plan also envisages the amalgamation of Vishakha Renewables One Private Limited (VR1PL), Vishakha Metals Private Limited (VMPL) and Vishakha Metals One Private Limited (VM1PL) with and into VRPL. Following these steps VRPL will be amalgamated with and into VGPL to create the merged entity. Vishakha Renewables Private Limited is engaged in manufacturing solar system components including high grade potential induced degradation resistant ethylene vinyl acetate encapsulant and back sheet. It also manufactures micro irrigation systems and polyvinyl chloride and high density polyethylene pipes and produces plastic products such as pallets crates and large bins. Vishakha Renewables One Private Limited was established to produce a range of solar panel components while Vishakha Metals Private Limited and Vishakha Metals One Private Limited were formed to manufacture aluminium frames and other metal components respectively. Vishakha Glass Private Limited was incorporated to manufacture solar glass for solar systems. Progressive Pipes Private Limited was incorporated to manufacture micro irrigation and drip irrigation systems and pipes including polyvinyl chloride high density polyethylene and medium density polyethylene and to trade granules and related items. The Competition Commission of India will issue a detailed order on the proposed combination in due course.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement