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Adani Enterprises Expands Chemical Operations with New Subsidiaries

Story Highlights
  • Adani Enterprises has created two new subsidiaries under Mundra Synenergy Limited.
  • The subsidiaries will focus on chemical manufacturing, expanding Adani’s industry presence.
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Adani Enterprises Expands Chemical Operations with New Subsidiaries

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Adani Enterprises Limited ( (IN:ADANIENT) ) just unveiled an announcement.

Adani Enterprises Limited has announced the incorporation of two new wholly-owned subsidiaries under its existing subsidiary, Mundra Synenergy Limited. These new entities, named UP Syn-Gas & Chemicals Limited and OD Syn-Gas & Chemicals Limited, are established to focus on the manufacture of chemicals and chemical products. This strategic move is expected to enhance Adani Enterprises’ footprint in the chemical industry, although both subsidiaries are yet to commence business operations.

More about Adani Enterprises Limited

Adani Enterprises Limited is a prominent player in the chemical industry, focusing on the manufacture of chemicals and chemical products. The company is part of the larger Adani Group, known for its diverse operations across various sectors, including energy, resources, logistics, agribusiness, and more.

Average Trading Volume: 46,323

Technical Sentiment Signal: Sell

Current Market Cap: 2655.1B INR

See more data about ADANIENT stock on TipRanks’ Stock Analysis page.

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