Adani Enterprises Sets Up New Chemical Subsidiary in Nagpur

Adani Enterprises Limited has notified the exchanges that its wholly owned subsidiary, Mundra Synenergy Limited (MSEL), has incorporated a step-down wholly owned subsidiary named Nagpur Syn-Gas & Chemicals Limited (NSGCL). This new entity was established in India on August 6, 2025.

Capital Structure and Ownership

NSGCL has been incorporated with a subscribed capital of ₹5,00,000, divided into 50,000 equity shares of ₹10 each. MSEL will hold 100% of the share capital, making NSGCL a wholly owned subsidiary of a wholly owned subsidiary, thereby extending the Adani Group’s footprint in the chemical manufacturing segment.

Industry and Business Objectives

The new subsidiary falls under the chemical industry, with its core business being the manufacture of chemicals and chemical products. This aligns with the broader diversification and backward integration strategies of Adani Enterprises, particularly in segments related to energy and industrial development.

Strategic Importance of the Move

The incorporation of NSGCL marks another significant step in Adani Enterprises’ efforts to expand its presence in the chemicals value chain. The new entity will likely support the group’s broader ambitions in renewable energy, hydrogen, and green chemical production, given the synergies with Mundra Synenergy’s focus areas.

Adani Enterprises Share Price Performance

On August 7, 2025, Adani Enterprises share price (NSE: ADANIENT) opened at ₹2,290.00, touching the day’s low at ₹2,273.50, as of 9:38 AM on the NSE.

Also Read: Adani Enterprises Denies Battery Tie-Up with Chinese Firms BYD and Welion!

Conclusion

By establishing NSGCL, Adani Enterprises strengthens its position in the industrial chemicals segment. This move not only diversifies its portfolio but also reflects the group’s long-term strategy of integrated, sustainable industrial development.

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