Adani Enterprises Incorporates Power Transmission Subsidiary Through Joint Venture
Published on: Feb. 16, 2026, 7:21 p.m. | Source: scanx.trade
Adani Enterprises has incorporated a new wholly owned step-down subsidiary, Navi Mumbai Power Transmission Limited (NMPTL), through its joint venture AdaniConneX Private Limited. The subsidiary was established with Rs. 1,00,000 subscribed capital divided into 10,000 equity shares of Rs. 10 each, with Adani holding a 50% indirect stake through ACX. NMPTL will focus on electric power generation and transmission business and is yet to commence operations.
