AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises, has incorporated a new wholly owned step-down subsidiary named ‘Navi Mumbai Power Distribution Limited’ (NMPDL). This new entity was incorporated on February 12, 2026, to carry out the business of electric power generation and distribution. The subsidiary has an initial subscribed capital of ₹1,00,000, and it has yet to commence business operations, thus having no initial turnover.
Formation of New Power Distribution Entity
Adani Enterprises Limited (AEL) today announced the incorporation of a wholly owned step-down subsidiary through its joint venture, AdaniConneX Private Limited (“ACX”). The new entity has been named “Navi Mumbai Power Distribution Limited” (“NMPDL”).
The incorporation was finalized on February 12, 2026, with registration handled by the Registrar of Companies in Ahmedabad. NMPDL was formed by an existing subsidiary of ACX.
Key Details of NMPDL
The particulars of the newly incorporated entity are as follows:
- Ownership: NMPDL is a wholly owned subsidiary of an existing ACX subsidiary. AEL indirectly holds a 50% stake in NMPDL through ACX.
- Capital Structure: The entity has a Subscribed Capital of Rs. 1,00,000, divided into 10,000 equity shares of Rs. 10 each.
- Business Focus: The primary object is To carry out the business of electric power generation and distribution.
- Operational Status: NMPDL has Turnover: Nil, as it has yet to commence business operations.
Acquisition Context
The filing confirms that this structure does Not Applicable regarding related party transactions, and the creation of NMPDL is considered an internal restructuring event by an existing subsidiary.
The acquisition does not require any specific consideration details (cash or share swap) as it is a matter of incorporation by an existing subsidiary, meaning the cost of acquisition is Not Applicable at this stage.
The announcement was made public on February 13, 2026, following confirmation received by the Company at 02:17 pm.
For Adani Enterprises Limited,
Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Source: BSE
