The Adani Group’s flagship company Adani Enterprises on Saturday, informed the stock exchanges that it has incorporated a new wholly-owned subsidiary Adani Cement Industries with an authorized share capital of Rs 10 lakh and paid-up capital of Rs 5 lakh.
The newly incorporated company will be headquartered in Gujarat, Gautam Adani-owned Adani Enterprises said in a regulatory filing.
"ACIL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 11th June, 2021 and is yet to commence its business operations," stated the filing.
The company will carry on business as manufacturers, producers, processors of all