AESL incorporates two wholly owned transmission subsidiaries

Adani Energy Solutions Limited (AESL) has incorporated two wholly owned subsidiaries, A-One Energy Networks Limited (AOENL) and NextGen Energy Networks Limited (NENL), focused on power transmission as part of its business expansion.  

AESL informed the stock exchanges that AOENL was incorporated following an intimation received from the Ministry of Corporate Affairs (MCA) on January 16, 2026. The MCA intimation for NENL was received on January 17, 2026.

AOENL and NENL have been incorporated to undertake activities related to the establishment, commissioning, setting up, operation and maintenance of electric power transmission systems. These activities are aligned with AESL’s core business. 

Both subsidiaries have the same capital structure. Each company has an authorised share capital of 1,00,000 equity shares of Rs. 10 each. AESL has subscribed to 50,000 equity shares in each subsidiary at face value, with a cash investment of Rs. 5,00,000 per entity, resulting in a 100% equity holding. AESL stated that the transactions do not fall under related party transactions. As newly incorporated entities, both subsidiaries are yet to commence operations, and no turnover figures are available.

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