Adani Enterprises Ltd (AEL) has disclosed the incorporation of a new wholly owned step-down subsidiary, Navi Mumbai Power Transmission Limited (NMPTL). The subsidiary was formed by AdaniConneX Private Limited (ACX), AEL’s joint venture. NMPTL has an initial subscribed capital of Rs. 1,00,000, divided into 10,000 equity shares. Its primary objective is to engage in the business of electric power generation and transmission, although it has not yet commenced operations.
Adani Group Forms New Power Transmission Entity
Adani Enterprises Limited (AEL) has officially informed stock exchanges regarding the formation of a new subsidiary under its joint venture, AdaniConneX Private Limited (ACX). This new entity, established on February 16, 2026, is named Navi Mumbai Power Transmission Limited (“NMPTL”).
NMPTL has been incorporated as a wholly owned subsidiary by an existing subsidiary of ACX. Confirmation of this formation was received by AEL on February 16, 2026, at 1:26 pm.
Key Details of NMPTL Incorporation
The details furnished regarding the newly incorporated entity are as follows:
- Target Entity: Navi Mumbai Power Transmission Limited (“NMPTL”).
- Ownership: Wholly owned subsidiary, formed by an existing subsidiary of ACX.
- Subscribed Capital: Rs. 1,00,000, structured as 10,000 equity shares with a face value of Rs. 10 each.
- Turnover: Nil, as the entity has not yet commenced business operations.
Business Scope and Parent Structure
The defined industry for NMPTL is Power Transmission. The stated objects for the acquisition are to carry out the business of electric power generation and transmission.
Regarding the ownership structure, AEL currently holds an indirect stake of 50% in NMPTL, channeled through its investment in ACX.
NMPTL was incorporated in India on February 16, 2026, and is registered with the Registrar of Companies in Ahmedabad. Since the entity has yet to commence business, turnover figures for the last three years are Not Applicable.
Transaction Applicability
The announcement confirms that the acquisition does not fall under the category of a related party transaction. Furthermore, there is No Applicable indication regarding government or regulatory approvals required for this specific incorporation event.
Source: BSE
