Adani Enterprises Limited incorporated a wholly owned subsidiary named Sultanganj Sabour Road Limited (SSRL) to undertake an infrastructure project in Bihar. The new entity aims to construct the Ganga Path connecting Sultanganj, Bhagalpur, and Sabour Road under a Hybrid Annuity Mode agreement.
Sultanganj Sabour Road Limited has been registered with a subscribed capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each. As the company is newly incorporated, it has yet to commence business operations and currently reports no turnover. SSRL will be entirely owned by Adani Enterprises Limited, holding 100% of its share capital.
The subsidiary’s primary objective is to facilitate the construction of a crucial infrastructure project in Bihar, specifically the Ganga Path connecting key regions Sultanganj, Bhagalpur, and Sabour Road. This project is structured on Hybrid Annuity Mode, indicating a public-private partnership model combining annuity payments and toll revenues.
The incorporation of SSRL is not categorised as a related party transaction, and no promoter group interests are involved beyond Adani Enterprises’ full ownership. The company has confirmed that no additional governmental or regulatory approvals are required specifically for this incorporation. Furthermore, there is no cash consideration or share swap involved, as the entity is newly formed and wholly owned by the parent company.
This strategic move underlines Adani Enterprises’ commitment to infrastructure development in India, particularly in Bihar, where connectivity enhancements can stimulate regional growth. By creating SSRL as a dedicated vehicle, the company aims to streamline project execution and financial management, aligning with its broader infrastructure expansion goals.
Although SSRL has no prior business history, its formation on October 21, 2025, sets the foundation for future operational activities linked to the construction of the Ganga Path road network.
On October 23, 2025, Adani Enterprises share price opened at ₹2,559.90 on NSE, above the previous close of ₹2,549.90. During the day, it surged to ₹2,577.00 and dipped to ₹2,552.90. The stock is trading at ₹2,556.00 as of 11:06 AM. The stock registered a marginal change of 0.24%.
Over the past week, it has declined by 0.06%, over the past month, it has declined by 4.50%, and over the past 3 months, it has declined by 2.24%.
Adani Enterprises’ formation of the wholly owned subsidiary Sultanganj Sabour Road Limited represents a focused step towards executing significant infrastructure projects in Bihar. With a subscribed capital of ₹1,00,000 and full ownership by the parent company, SSRL will oversee the construction of a vital road connecting Sultanganj, Bhagalpur, and Sabour Road on a Hybrid Annuity basis, reflecting Adani’s strategic expansion in the infrastructure sector.
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Published on: Oct 23, 2025, 2:11 PM IST
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