Adani Green Energy Ltd. has incorporated Adani Ecogen Seven Limited as a wholly-owned step-down subsidiary through Adani Renewable Energy Holding Eleven Limited. Registered in Gujarat with ₹1,00,000 authorized and paid-up capital, it targets renewable power generation from solar, wind, and other sources. This expands AGEL's structure for clean energy growth.
Subsidiary Overview
Adani Ecogen Seven (AE7L) forms part of AGEL's strategy to create specialized entities for renewable projects. Incorporated recently in India with RoC Ahmedabad registration, it remains pre-operational but poised for power development, transmission, and distribution. Parent AREH11L holds 100% stake, ensuring full control.
Key Highlights
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Focuses on generating, developing, transforming, and supplying electricity via renewables like solar, wind, hybrids.
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Mirrors recent incorporations (e.g., Ecogen Six, Eight) signaling rapid portfolio scaling toward 50 GW by 2030 target.
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Aligns with SEBI LODR compliance; bolsters governance for project-specific execution in Gujarat hubs.
Growth Implications
This move enhances AGEL's agility in India's energy transition, optimizing funding and operations for massive capacity additions amid global decarbonization demands.
Sources: ScanX Trade, Business Standard, Adani Green Energy filings.