AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary

AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL).

NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad. The company has a subscribed capital of Rs 100,000, divided into 10,000 equity shares of Rs 10 each. Through ACX, the company indirectly holds a 50 per cent stake in NMPDL.

NMPTL has been established to carry out electric power generation and transmission activities and operates within the power transmission industry, in line with Adani Enterprises’ broader energy sector strategy. At present, NMPTL has not commenced business operations and reports nil turnover.

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