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Adani Energy Solutions Forms Seven Wholly-Owned Subsidiaries as Electric Utilities

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Adani Energy Solutions (NSE:ADANIENSOL, BOM:539254) has incorporated seven wholly-owned subsidiaries to function as electric utilities, according to a Monday filing to the Indian stock exchanges.

The new subsidiaries, Sunrays Step I, Sunrays Step II, Sunrays Step III, Arasan Step I, Arasan Step II, Arasan Step III, and Arasan Step IV, have been incorporated with a paid-up share capital of 500,000 Indian rupees.

They will carrying on the business of production, generation, conversion, transformation, transmission, processing, storing, supply and distribution of electricity.

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