Adani Inexperienced Vitality Ltd. has integrated a brand new wholly-owned subsidiary, Adani Inexperienced Vitality Sixty Eight Ltd. or AGE68L, taking a step in direction of growth in its renewable power portfolio.
The brand new subsidiary was established on Dec. 28, 2024, below the possession of Adani Renewable Vitality Holding 9 Ltd., which is itself a completely owned arm of Adani Inexperienced Vitality.
AGE68L, with an authorised and paid-up capital of Rs 1,00,000 every, has been arrange with the target of producing, creating, and distributing energy utilizing renewable power sources comparable to wind, photo voltaic, and different inexperienced power options.
Whereas the entity continues to be in its early phases and has but to start its enterprise operations, it’s anticipated to play a task in Adani Inexperienced Vitality’s broader technique to bolster its presence within the renewable power sector.
The corporate has no present turnover, and no acquisition-related regulatory approvals or transactions had been concerned within the incorporation of AGE68L. The subsidiary is registered with the Registrar of Firms in Gujarat, Ahmedabad.
This transfer aligns with Adani Inexperienced Vitality’s ongoing efforts to reinforce its renewable power capabilities and diversify its operations inside the sustainable energy sector. With AGE68L, the corporate goals to additional its dedication to cleaner power options and contribute to India’s rising renewable power market.
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