Adani Enterprises Subsidiary Incorporates MRDP-III Development Limited for Infrastructure Projects
Published on: Dec. 18, 2025, 11:13 p.m. | Source: scanx.trade
Adani Enterprises Limited has incorporated a new subsidiary, MRDP-III Development Limited, through its wholly owned subsidiary Adani Road Transport Limited. The new entity, registered on December 18, 2023, in Ahmedabad, has a subscribed capital of ₹1.00 lakh with 10,000 equity shares of ₹10.00 each. Adani Road Transport Limited holds a 51% stake in the company. MRDP-III Development Limited will focus on the Mithi River Development and Pollution Control Project (Package III), covering the stretch from CST Bridge, Kurla to Mahim Causeway, Vakola River, and adjoining areas. The subsidiary has not yet commenced business operations.
