Adani Energy Solutions incorporates seven new subsidiaries
Adani Energy Solutions Limited (AESL) has incorporated seven wholly owned subsidiaries in a single day as part of its expansion across the electricity value chain.
The company disclosed the incorporations to stock exchanges on June 1, 2026. The newly formed entities include three companies under the “Sunrays” banner and four under the “Arasan” banner. All seven companies are incorporated in India and fall under the electric utilities industry.
The subsidiaries are:
- Sunrays Step I Limited
- Sunrays Step II Limited
- Sunrays Step III Limited
- Arasan Step I Limited
- Arasan Step II Limited
- Arasan Step III Limited
- Arasan Step IV Limited
According to the filing, the entities have been incorporated to undertake activities across the electricity sector, including production, generation, conversion, transformation, transmission, processing, storage, supply, and distribution of electricity.
Each subsidiary has an initial paid-up capital of Rs 5,00,000, comprising 50,000 equity shares of Rs 10 each. The shares have been fully subscribed by AESL in cash at face value, giving the company 100% ownership in all seven entities.
AESL stated that no governmental or regulatory approvals were required for the incorporations.
