Subsidiary25 Jun 2026, 08:00 pm
Adani Power Incorporates Nuclear Energy Subsidiary
AI Summary
Adani Power Limited (APL) has announced the incorporation of a new step-down wholly-owned subsidiary, Progressive-UP Atomic Energy Limited (PUAEL), on June 25, 2026. PUAEL was incorporated by Adani Atomic Energy Limited (AAEL), which is itself a wholly-owned subsidiary of APL. The new entity will focus on generating, transmitting, and distributing power derived from nuclear and/or atomic energy. PUAEL has been established with an authorized capital of ₹5,00,000, divided into 50,000 equity shares of ₹10 each, with 100% shareholding held by AAEL, and consequently by APL.
Key Highlights
- Adani Power establishes new subsidiary for nuclear energy.
- Progressive-UP Atomic Energy Limited incorporated on June 25, 2026.
- The subsidiary aims to generate, transmit, and distribute nuclear power.
- Initial authorized capital is ₹5,00,000.
- This marks an expansion into the nuclear energy sector.
Price Impact
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