Joint Venture13 Feb 2026, 06:12 pm
Adani Enterprises Announces Incorporation of Navi Mumbai Power Distribution Limited by AdaniConnex
AI Summary
Adani Enterprises Ltd. has announced the incorporation of Navi Mumbai Power Distribution Limited (NMPDL) by AdaniConnex Private Limited (ACX), a joint venture of the company. NMPDL has been incorporated as a wholly owned subsidiary of an existing subsidiary of ACX. The company was informed about this incorporation on February 13, 2026. NMPDL has a subscribed capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each and has yet to commence business operations. Through ACX, the company indirectly holds a 50% stake in NMPDL.
Key Highlights
- AdaniConnex Private Limited, a joint venture of Adani Enterprises Ltd, has incorporated a wholly owned subsidiary named Navi Mumbai Power Distribution Limited
- NMPDL has been incorporated in India and registered with the Registrar of Companies, Ahmedabad
- NMPDL has a subscribed capital of Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each
- NMPDL is yet to commence business operations
- Adani Enterprises Ltd holds a 50% stake in NMPDL through AdaniConnex Private Limited