THEBUSINESSBYTES
BUREAU
NEW
DELHI, APRIL 20, 2026
The
Competition Commission of India (CCI) has approved a major corporate
restructuring within the Vishakha Group, paving the way for the consolidation
of its renewable energy and manufacturing businesses into a more streamlined and
integrated entity.
The
approved plan involves the restructuring of Vishakha Renewables Private Limited
(VRPL), followed by its merger with Vishakha Glass Private Limited (VGPL). The
move is aimed at enhancing operational efficiency and strengthening the group’s
footprint across the solar energy value chain.
As
part of the broader restructuring, VRPL will transfer its pipes and mouldings
divisions to Progressive Pipes Private Limited (PPPL) on a slump sale basis,
ensuring focused business verticals and optimized resource allocation.
Additionally,
three group entities — Vishakha Renewables 1 Private Ltd., Vishakha Metals
Private Limited, and Vishakha Metals 1 Private Limited — will be amalgamated
into VRPL before its final merger with VGPL, creating a unified and vertically
integrated structure.
VRPL
is currently engaged in manufacturing a diverse range of products, including
solar system components such as PID-resistant EVA encapsulants and back sheets,
micro-irrigation systems, PVC and HDPE pipes, and plastic products like pallets
and crates. The merging entities bring complementary capabilities, from solar
panel components and aluminium frames to metal parts manufacturing.
VGPL,
the eventual merged entity, focuses on solar glass production — an essential component
in photovoltaic modules — positioning the combined business to deliver
end-to-end solutions for the renewable energy sector.
