Adani Enterprises Limited has informed the stock exchanges about the incorporation of a wholly owned step-down subsidiary by AdaniConneX Private Limited (ACX), its joint venture. The newly incorporated entity, Navi Mumbai Power Distribution Limited (NMPDL), has been set up by an existing subsidiary of AdaniConneX Private Limited. The company confirmed receiving intimation of this development on February 13, 2026.
NMPDL has been incorporated in India on February 12, 2026, and registered with the Registrar of Companies, Ahmedabad. The company reported a subscribed capital of Rs. 1,00,000, divided into 10,000 equity shares of Rs. 10 each. As the entity is yet to commence business operations, its turnover currently stands at Nil.
NMPDL will operate in the Power Distribution sector. Its stated objective is to carry out the business of electric power generation and distribution. Through AdaniConneX Private Limited, Adani Enterprises Limited will indirectly hold a 50% stake in NMPDL.
The intimation was submitted to both BSE Limited and National Stock Exchange of India Limited. The communication was signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal), Adani Enterprises Limited.
