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Adani Enterprises’ JV incorporates wholly owned step-down subsidiary
Feb-17-2026

Adani Enterprises’ joint venture (JV) -- AdaniConneX (ACX) has incorporated a wholly owned step-down subsidiary namely Navi Mumbai Power Transmission (NMPTL) on February 16, 2026. NMPTL has been incorporated by an existing subsidiary of ACX.

Through ACX, the company indirectly holds a 50% stake in NMPTL. The objective of incorporation is to carry out the business of electric power generation and transmission.

Adani Enterprises (AEL), the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.


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