Adani Energy Solutions Expands Portfolio with New Wholly Owned Subsidiary
Adani Energy Solutions Ltd has incorporated a new wholly owned subsidiary, Adani Energy Solutions Step-Fourteen Limited, with an authorized and paid-up share capital of Rs. 1.00 Lakh each. The subsidiary, categorized under Electric Utilities, will focus on power transmission, distribution, supply, and related infrastructure services. The incorporation was confirmed on September 2, aligning with Adani Energy Solutions' core business in the energy sector.

*this image is generated using AI for illustrative purposes only.
Adani Energy Solutions Ltd , a key player in India's energy sector, has announced the incorporation of a new wholly owned subsidiary, marking a strategic expansion of its business operations.
New Subsidiary Details
Adani Energy Solutions has established 'Adani Energy Solutions Step-Fourteen Limited' as its latest wholly owned subsidiary. The incorporation was confirmed through an MCA (Ministry of Corporate Affairs) intimation received by the company on September 2, at approximately 3:00 p.m. IST.
Corporate Structure and Financials
The newly formed subsidiary, Adani Energy Solutions Step-Fourteen Limited, has been incorporated with the following initial financial structure:
Particulars | Details |
---|---|
Authorized Share Capital | Rs. 1.00 Lakh |
Paid-Up Share Capital | Rs. 1.00 Lakh |
Shareholding | 100% owned by Adani Energy Solutions Ltd |
Business Focus
Adani Energy Solutions Step-Fourteen Limited has been categorized under the Electric Utilities industry. The company's primary objectives include:
- Transmission of power
- Distribution of power
- Supply of power
- Other infrastructure services related to power
This strategic move aligns with Adani Energy Solutions' core business in the energy sector, potentially strengthening its position in power transmission and distribution.
Regulatory Compliance
The incorporation of the new subsidiary adheres to the regulatory requirements, with the company making the necessary disclosures as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps stakeholders informed about significant corporate developments.
Future Outlook
While the newly incorporated entity is yet to commence business operations, its establishment signals Adani Energy Solutions' intent to expand its footprint in the electric utilities sector. The move could potentially enhance the company's capabilities in power transmission, distribution, and related infrastructure services.
As Adani Energy Solutions continues to grow its portfolio, the industry will be watching how this new subsidiary contributes to the company's overall strategy in the Indian energy market.
Historical Stock Returns for Adani Energy Solutions
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.70% | -1.63% | -5.15% | +17.27% | -26.27% | -15.28% |