Corporate News

25-Sep-2026, 07:16

Adani Energy Solutions Ltd. announced the incorporation of eight wholly-owned subsidiaries, Arasan Step V Limited (“AS VL”), Arasan Step VI Limited (“AS VIL”), Arasan Step VII Limited (“AS VIIL”), Arasan Step VIII Limited (“AS VIIIL”), Arasan Step IX Limited (“ASIXL”), Arasan Step X Limited (“ASXL”), Arasan Step XI Limited (“ASXIL”), and Arasan Step XII Limited (“ASXIIL”), on September 24, 2026, in India, according to a regulatory filing. Each subsidiary has a paid-up share capital of Rs 5,00,000, and Adani Energy Solutions holds 100% of the shareholding in the newly formed entities, which will be engaged in the production, generation, transformation, transmission, processing, storing, supply and distribution of electricity.