Adani Renewable Energy Holding Four Limited has created three new subsidiaries companies to support its renewable energy business.
Adani Green Energy Ltd (AGEL) in a statement said that Adani Renewable Energy Holding Four Limited is its own subsidiary and the newly incorporated entities are its step-down subsidiaries.
Adani Renewable Energy Holding Four Limited has established 3 new subsidiaries, namely Adani Renewable Energy Thirty Six, Adani Renewable Energy Forty Limited and Adani Renewable Energy Forty Seven Limited.
The main purpose of the new subsidiaries is to produce, develop, transform, distribute, transmit, sale and supply any type of power or electrical energy using solar, wind or other renewable sources.
The subsidiaries were registered with Gujarat at Ahmedabad’s Registrar of Companies on October 3, 2022. They are yet to start their business operations.