Adani Energy Creates New Subsidiary For This Sector - Details

Adani Energy Solutions Limited (AESL), a key player in India’s energy infrastructure, has announced the incorporation of a wholly owned subsidiary, Adani Energy Solutions Step-Ten Limited (AESSTL).

As per an exchange filing dated, the subsidiary was registered with the Registrar of Companies, Gujarat, on December 18, 2024.
AESSTL has been established with an authorized and paid-up share capital of Rs 1 lakh each.

Although it is yet to commence operations, the company’s primary objective is to focus on the transmission, distribution, and supply of power, along with associated infrastructure services.

‘Incorporated by Adani Energy Solutions Limited, for transmission, distribution and supply of power and other infrastructure services relating thereto,’ as mentioned in the exchange filing by the company. 

Adani Energy's Strategic Intent
The new entity aligns with AESL’s strategic goal of bolstering India’s energy infrastructure. 

Adani Energy: Key Financial and Operational Details
Authorized Share Capital: Rs 1 lakh
Paid-Up Share Capital: Rs 1 lakh
Nature of Funding: Cash consideration at a face value of Rs 10 per equity share.
Ownership: AESL holds a 100% stake in AESSTL.

Adani Energy share price today

The stock market experienced a significant downturn today, and Adani Energy followed suit. The stock opened at Rs 796.45 and closed at Rs 767.75, down by Rs 28.30 (-3.56%). It reached a high of Rs 812.25 and a low of Rs 762.25 during the trading session.

Adani Energy share price history

In terms of historical performance, the stock has seen a decline of 7.68% over the past week, 11.97% over the past month, and 23.16% over the past year. Over the last three years, it has dropped by 55.30%. However, the stock has shown a positive trend over the past five years, with a gain of 124.69%.