Adani Enterprises Limited has established a new subsidiary, Morsagar Bisalpur Water Limited (MBWL), in India on November 3, 2025. The subsidiary’s initial subscribed capital is Rs. 1,00,000. Adani Enterprises will hold 74% of the share capital, while Cemindia Projects Limited will hold the remaining 26%. The subsidiary will focus on infrastructure development and water resource management.
Subsidiary Incorporation
Adani Enterprises Limited announced the incorporation of a new subsidiary named Morsagar Bisalpur Water Limited (“MBWL”) on November 3, 2025. Confirmation of the incorporation was received on the same day at 4:37 pm IST.
Details of Morsagar Bisalpur Water Limited
Morsagar Bisalpur Water Limited is incorporated as a subsidiary company focused on infrastructure development and water resource management. The subscribed capital is Rs. 1,00,000, divided into 10,000 equity shares of Rs. 10 each. As of the announcement date, the turnover is Nil, as the business operations are yet to commence.
Shareholding Structure
Adani Enterprises Limited will hold 74% of the share capital of MBWL. The remaining 26% will be held by Cemindia Projects Limited, described as a related party of the Company.
Purpose of the Subsidiary
Morsagar Bisalpur Water Limited will engage in the business of design, finance, development, construction, operation, and maintenance of the Mor Sagar Artificial Reservoir and its feeder from Bisalpur to Mor Sagar Artificial Reservoir in Rajasthan, operating under a Hybrid Annuity Model.
Source: BSE
