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Adani Enterprises Limited ( (IN:ADANIENT) ) has provided an announcement.
Adani Enterprises Limited has announced that its wholly owned subsidiary, Adani Road Transport Limited, has incorporated a new infrastructure development subsidiary in India named MRDP-III Development Limited with an initial subscribed capital of ₹1,00,000, and ARTL holding a 51% equity stake. The new entity will focus on river rejuvenation and environmental improvement, specifically tasked with implementing the Mithi River Development and Pollution Control Project (Package III) from CST Bridge, Kurla to Mahim Causeway, including the Vakola River and adjoining areas, underscoring Adani’s growing role in urban environmental infrastructure and signaling a strategic expansion into river restoration and pollution control projects with potential long-term implications for its presence in sustainable infrastructure initiatives.
More about Adani Enterprises Limited
Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, operating as a diversified infrastructure and incubator business with interests spanning sectors such as transport, energy, and urban infrastructure. Through subsidiaries like Adani Road Transport Limited (ARTL), the company develops and operates road and related infrastructure projects across India, strengthening its position in the country’s infrastructure development landscape.
Average Trading Volume: 72,022
Technical Sentiment Signal: Hold
Current Market Cap: 2903.8B INR
See more data about ADANIENT stock on TipRanks’ Stock Analysis page.