Adani Power Ltd is advancing its nuclear energy ambitions with the incorporation of a step-down, wholly owned subsidiary, Coastal-Maha Atomic Energy Ltd, which will undertake the generation, transmission, and distribution of power derived from nuclear and atomic energy.
In a regulatory filing, the company said CMAEL has been incorporated by Adani Atomic Energy Ltd (AAEL), a wholly owned subsidiary of Adani Power. This development builds on the company’s February 12 announcement of its incorporation of AAEL, which marked its entry into the nuclear power segment.
CMAEL was incorporated on April 13, with the certificate of incorporation received on April 18. The entity has been set up with an authorised capital of ₹5 lakh, divided into 50,000 equity shares of ₹10 each, with subscription made in cash. As per the filing, CMAEL is fully owned by AAEL, which in turn is a wholly owned subsidiary of Adani Power, making it a step-down subsidiary of the listed entity.
