Adani Enterprises Limited has incorporated Munger Sultanganj Road Limited (MSRL) as a wholly owned subsidiary on November 3, 2025. The subsidiary’s subscribed capital is Rs. 1,00,000, divided into 10,000 equity shares of Rs. 10 each. MSRL will focus on the development, maintenance, and management of the Ganga Path project in Bihar.
Subsidiary Incorporation
Adani Enterprises Limited announced the incorporation of a new wholly owned subsidiary (WOS) named Munger Sultanganj Road Limited (MSRL) on November 3, 2025. Confirmation of this incorporation was received by the company on the same day at 3:40 pm IST.
Details of Munger Sultanganj Road Limited
Munger Sultanganj Road Limited (“MSRL”) is incorporated as a WOS company by Adani Enterprises.
- Subscribed Capital: Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each.
- Turnover: Nil (yet to commence business operations).
Purpose of Acquisition
The newly formed entity will be responsible for carrying out the development, maintenance, and management of the project for “Construction of Ganga Path Connecting Munger (Safiabad)-Bariyarpur-Ghorghat-Sultanganj Road in the State of Bihar on Hybrid Annuity Mode”.
Ownership
Adani Enterprises Ltd (AEL) will hold 100% share capital of MSRL.
Incorporation Details
MSRL was officially incorporated in India on November 03, 2025, and registered with the Registrar of Companies, Ahmedabad. It has not yet commenced business operations, so there is no turnover to report from the last three years.
Source: BSE
