Thermax has announced the incorporation of First Energy 15 Private Limited (FE15), a wholly-owned step-down subsidiary. FE15 was incorporated by First Energy Private Limited (FEPL), a wholly-owned subsidiary of Thermax. The Certificate of Incorporation was issued on December 16, 2025. FE15’s authorized share capital is ₹1,00,000. FE15 is yet to commence business operations.
Subsidiary Incorporation
Thermax announced on December 16, 2025, the establishment of First Energy 15 Private Limited (FE15) as a wholly-owned step-down subsidiary. This move aims to expand Thermax’s footprint in the renewable energy sector.
Details of First Energy 15 Private Limited (FE15)
First Energy 15 Private Limited (FE15) has an authorized share capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each. The initial paid-up capital will also be ₹1,00,000.
Business Operations
As of December 16, 2025, FE15 has not yet commenced any business operations. Its strategic direction and specific projects will be announced in future communications.
Renewable Energy Focus
FE15 will operate in the renewable energy sector, aligning with Thermax’s broader sustainability goals.
Source: BSE