AdaniConneX Private Limited, a joint venture of Adani Enterprises, has incorporated a wholly owned step-down subsidiary named Navi Mumbai Power Distribution Limited (NMPDL). Registered on February 12, 2026, the new entity will focus on electricity generation and distribution, marking Adani’s deeper push into India’s power sector.
Adani Enterprises Limited has announced that its joint venture AdaniConneX Private Limited (ACX) has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). The confirmation was received on February 13, 2026. This strategic move strengthens Adani’s footprint in India’s energy infrastructure, aligning with its long-term growth vision in sustainable power distribution.
Key Highlights:
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NMPDL has been incorporated as a wholly owned subsidiary of ACX’s existing subsidiary
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Subscribed capital stands at Rs. 1,00,000 divided into 10,000 equity shares of Rs. 10 each
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Turnover is currently nil as operations are yet to commence
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The entity belongs to the power distribution industry, with objectives to carry out electricity generation and distribution
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Adani Enterprises indirectly holds a 50% stake in NMPDL through ACX
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NMPDL was registered with the Registrar of Companies, Ahmedabad, on February 12, 2026
This incorporation signals Adani’s continued expansion into India’s energy sector, reinforcing its commitment to reliable and sustainable power solutions.
Source: Adani Enterprises Limited, corporate filing to BSE and NSE