Business Standard

Adani Enterprises incorporates subsidiary - Gare Pelma III Collieries

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Capital Market

On 18 July 2017

Adani Enterprises has incorporated a wholly owned subsidiary company namely, Gare Pelma III Collieries on 18 July 2017.

Being a successful bidder, Chhattisgarh State Power Generation Corporation (CSPGCL) has issued Letter of Award to Adani Enterprises for Gare Pelma III Coal Block on 24 June 2017. Accordingly, Gare Pelma III Collieries has been formed as a SPV of Adani for execution of Coal Mining Service Agreement with CSPGCL.

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First Published: Jul 19 2017 | 7:11 PM IST

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