Adani Energy Sets Up New Subsidiary Adani Energy Solutions Step-Ten Ltd

Adani Energy Solutions (AESL) has established a wholly owned subsidiary, Adani Energy Solutions Step-Ten Ltd (AESSTL), registered in Ahmedabad, Gujarat, on December 18, 2024. According to a regulatory filing, AESSTL will focus on power transmission, distribution, and related infrastructure services.

The subsidiary is yet to start business operations. AESSTL’s authorised and paid-up share capital is ₹1 lakh, with equity shares priced at ₹10 each. AESL will hold 100% of AESSTL’s equity.

Recent Developments

On December 17, 2024, Adani Energy Solutions Limited (AESL) announced the incorporation of a wholly owned subsidiary, Adani Energy Solutions Step-Eleven Limited (AESSEL). As per the Ministry of Corporate Affairs (MCA), AESSEL was officially registered on December 17, 2024.

AESSEL, established for power transmission, distribution, and related infrastructure services, has an authorised and paid-up share capital of ₹1 lakh each. Since the subsidiary has just been formed, it is yet to begin business operations. AESL has acquired 100% ownership of AESSEL by purchasing equity shares at a face value of ₹10 each, with the transaction carried out as a cash consideration. No related party transactions or additional regulatory approvals were involved.

About Adani Energy Solutions

AESL, a key part of the Adani portfolio, operates across multiple areas of the energy sector, including power transmission, distribution, smart metering, and cooling solutions. It is India’s largest private transmission company, focusing on the immense opportunities in the country’s transmission sector. By 2026, AESL aims to own 30,000 ckm of transmission assets and provide distribution services with a capacity of 4.5 MVA per customer.

Adani Energy Solutions share price is currently trading at ₹807.85, up by ₹11.85 (1.49%) as of 9:44 AM on December 20. The stock opened at ₹799.00 and reached a high of ₹812.60.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.