AGEL sets up Adani Ecogen Five subsidiary for new renewable projects

Adani Green Energy Limited (AGEL) has created a new step-down subsidiary named Adani Ecogen Five Limited (AE5L) to focus on renewable power generation. The development was reported to stock exchanges through a regulatory filing dated 02 January 2026.

In its filing to BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), AGEL stated that AE5L was incorporated on 01 January 2026 by Adani Renewable Energy Holding Eleven Limited (AREH11L), which is a wholly owned subsidiary of AGEL.  

This incorporation follows a similar move days earlier. In a filing dated 31 December 2025, AGEL announced the creation of Adani Ecogen Four Limited (AE4L), which was formed on 30 December 2025 by AREH11L with the same objective of building and operating projects using wind, solar, and other renewable energy sources. AE4L has also not started commercial operations yet.

According to the latest filing, AE5L has an authorised and paid-up capital of Rs 1,00,000. The subsidiary has not commenced operations and has reported nil turnover. Its stated purpose is to generate, develop, and distribute electricity from solar energy, wind energy, and other renewable resources.

AE5L is registered in India with the Registrar of Companies (RoC), Gujarat, Ahmedabad, with AREH11L holding 100% share capital. 

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