Steamhouse India Limited has announced the incorporation of a new wholly-owned subsidiary, STEAMHOUSE (PANOLI WTS) INDIA PRIVATE LIMITED. This new entity, established on November 06, 2026, will focus on the development, execution, and operation of Waste-to-Steam (WTS) generation projects and related infrastructure. This move signifies a strategic expansion into new energy and sustainable waste management solutions, aligning with the company’s long-term business growth objectives.
Steamhouse India Limited Establishes Wholly-Owned Subsidiary
Steamhouse India Limited has officially incorporated a new wholly-owned subsidiary named STEAMHOUSE (PANOLI WTS) INDIA PRIVATE LIMITED. The incorporation took place on November 06, 2026. This strategic move is designed to bolster the company’s presence and operational capabilities in the burgeoning waste-to-energy sector.
Focus on Waste-to-Steam Projects
The newly formed entity is set to spearhead initiatives in the development, execution, and operation of Waste-to-Steam (WTS) generation plants, industrial boilers, and waste processing facilities. Its operations will also encompass the generation, supply, and distribution of steam, thermal energy, and power, alongside executing turnkey EPC and O&M services. This aligns directly with Steamhouse India Limited’s core operational objectives and its long-term business expansion strategy.
Company Structure and Shareholding
Steamhouse India Limited holds 99.99% of the subsidiary’s shares, with one nominee share held on behalf of the parent company. The subsidiary’s authorized capital is ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each. Its subscribed and paid-up capital is ₹1,00,000, comprising 10,000 equity shares. The entity is incorporated in India and is not subject to any related party transactions or promoter interests beyond the existing shareholding and directorship.
Sectoral Alignment
The operational focus of STEAMHOUSE (PANOLI WTS) INDIA PRIVATE LIMITED places it within the Waste-to-Steam (WTS) & Thermal Energy Infrastructure sector. This includes specialized industrial boiler facilities, waste processing, and steam distribution networks, as well as power generation and industrial gas supply services. The subsidiary’s activities are designed to utilize permissible waste streams for energy generation, serving industrial consumers through dedicated pipeline networks.
Source: BSE
