Adani Enterprises establishes two wholly-owned coal mining subsidiaries

26 Aug 2022 CW Team

Adani Enterprises has informed stock exchanges about the formation of wholly owned subsidiaries.

According to the filing, the company established two Wholly Owned Subsidiaries on August 23, 2022, with the following details:

Hirakund Natural Resources Limited ("HNRL"), with an initial authorized share capital of Rs10 lakh and a paid-up share capital of Rs5 lakh, to manage the business of mining coal and other related minerals and to carry out all necessary activities.

HNRL will also begin operations in due course, according to the company.

Vindhya Mines and Minerals Limited ("VMML"), with an initial authorized share capital of Rs10 lakh and a paid-up share capital of Rs 50 million, to carry on business in mining of coal and other related minerals, among other things, and to carry out all necessary activities in this regard. Furthermore, VMML will begin operations in due course.

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