Adani Enterprises Limited has informed the Exchange about incorporation of wholly owned subsidiary of the Company
ADANIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Adani Enterprises has incorporated a new wholly owned subsidiary called Munger Sultanganj Road Limited (MSRL) on November 3, 2025. The new company has a small starting capital of Rs. 1 lakh (10,000 equity shares of Rs. 10 each) and has not started business yet. MSRL has been set up to carry out the development, maintenance, and management of the Ganga Path road project connecting Munger (Safiabad) to Bariyarpur to Ghorghat to Sultanganj in Bihar, on a Hybrid Annuity Mode. The entity belongs to the infrastructure sector, and AEL will hold 100% of its share capital.
This is a routine step to create a special purpose vehicle (SPV) for a specific road project in Bihar, so there is no immediate financial impact on shareholders. However, it signals AEL's continued expansion in infrastructure and could contribute to future order book and revenue once the project is executed.