Adani Road Transport Limited, a wholly-owned subsidiary of Adani Enterprises, has incorporated a new subsidiary company named MRDP-III Development Limited on December 18, 2025. The new entity will focus on infrastructure development projects, with initial capital of ₹1,00,000 divided into 10,000 equity shares. This move aligns with Adani’s continued expansion in the infrastructure sector.
Subsidiary Incorporation Details
Adani Road Transport Limited (ARTL), a subsidiary of Adani Enterprises Limited (AEL), has incorporated a new entity named MRDP-III Development Limited (“MDL”). The incorporation was finalized on December 18, 2025.
Capital Structure
MRDP-III Development Limited has a subscribed capital of ₹1,00,000, divided into 10,000 equity shares with a face value of ₹10 each. As of now, the company’s turnover is nil, as it is yet to commence business operations.
Business Objective
The newly formed entity, MRDP-III Development Limited, will focus on river rejuvenation and environmental improvement projects. Specifically, this includes the implementation of the Mithi River Development and Pollution Control Project (Package III). The project will cover the stretch from CST Bridge to Kurla to Mahim Causeway, including the Vakola River and surrounding areas.
Ownership Structure
Adani Enterprises Limited (AEL) holds 100% of the share capital of Adani Road Transport Limited (ARTL). Furthermore, ARTL holds a 51% equity stake in MRDP-III Development Limited (MDL). This structure ensures that the new infrastructure projects are managed under the Adani umbrella.
Source: BSE
