Adani Energy Solutions Limited has incorporated seven wholly owned subsidiaries in India. The company received intimation of incorporation from the Ministry of Corporate Affairs (MCA) on June 1, 2026, at approximately 3:55 PM IST.
Details of Subsidiaries
The seven incorporated entities are:
1. Sunrays Step I Limited (SIL)
2. Sunrays Step II Limited (SIIL)
3. Sunrays Step III Limited (SIIIL)
4. Arasan Step I Limited (ASIL)
5. Arasan Step II Limited (ASIIL)
6. Arasan Step III Limited (ASIIIL)
7. Arasan Step IV Limited (ASIVL)
Key Information
- Date of Incorporation: June 1, 2026
- Country of Incorporation: India
- Holding Company: Adani Energy Solutions Limited is the holding company for all seven subsidiaries
- Industry Classification: Electric Utilities
- Business Purpose: The subsidiaries were incorporated for carrying on the business of production, generation, conversion, transformation, transmission, processing, storing, supply and distribution of electricity
- Governmental Approvals: Not applicable for this incorporation
- Consideration Type: Cash consideration
- Share Capital: Each subsidiary has been incorporated with a paid-up share capital of ₹5,00,000 (50,000 equity shares of ₹10 each)
- Subscription Price: Shares were subscribed at face value of ₹10 per share
- Shareholding: Adani Energy Solutions Limited holds 100% of the shareholding in all seven subsidiaries
Financial Impact
The total investment amounts to ₹35,00,000 (₹5,00,000 × 7 subsidiaries) for 350,000 equity shares at face value. This represents a cash outflow for equity subscription at par value.