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Adani Enterprises Expands Infrastructure Portfolio with New Subsidiary

Story Highlights
  • Adani Enterprises has incorporated a new subsidiary named Munger Sultanganj Road Limited.
  • The subsidiary will manage the Ganga Path project in Bihar, boosting Adani’s infrastructure presence.
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Adani Enterprises Expands Infrastructure Portfolio with New Subsidiary

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Adani Enterprises Limited ( (IN:ADANIENT) ) has issued an announcement.

Adani Enterprises Limited has announced the incorporation of a wholly owned subsidiary named Munger Sultanganj Road Limited (MSRL) in India. This new entity will focus on the development, maintenance, and management of the Ganga Path project in Bihar, which is expected to enhance the company’s infrastructure portfolio and strengthen its position in the infrastructure sector.

More about Adani Enterprises Limited

Adani Enterprises Limited is a prominent player in the infrastructure industry, focusing on the development and management of large-scale projects. The company is known for its involvement in various sectors including energy, resources, logistics, and agro, with a significant market presence in India.

Average Trading Volume: 65,150

Technical Sentiment Signal: Buy

Current Market Cap: 2864B INR

For an in-depth examination of ADANIENT stock, go to TipRanks’ Overview page.

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