M&A Critique

Adani Enterprises to demerge renewable energy business

ADANI Enterprises Ltd. (AEL) is primarily engaged in coal mining and trading, oil and gas exploration, ports and multi-modal logistics, power generation and transmission, gas distribution and edible oil and agro commodities businesses in India and globally.

Further company owns and operates solar power plants with an installed capacity of about 1000MW in various parts of the country through its subsidiaries. Prayatna Developers Private Limited (PDPL) is developing 220 MW of solar power projects which are under various stages of implementation. PDPL is a 100% subsidiary of Adani Enterprises Limited.

Adani Green Energy Limited (AGEL) owns and operates solar and wind power plants through group of its subsidiaries. The company is associates of AEL holding 47.19%.

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Hiteshkumar Jain