Adani Energy Solutions Limited (AESL) has incorporated a wholly owned subsidiary named Adani Energy Solutions Step-Eleven Limited (AESSEL) to expand its presence in the transmission sector.
AESSEL has been established to focus on transmission, distribution, and supply of power, along with other related infrastructure services. The company has been incorporated with an authorised share capital of Rs 100,000 and a paid-up share capital of Rs 100,000. Currently, the special purpose vehicle (SPV) has no turnover as it is yet to commence operations. The shares have been acquired at a face value of Rs 10 each through cash consideration, and AESL holds 100 per cent ownership in AESSEL.