Adani Transmission has incorporated an arm, Adani Electricity Nashik Ltd, for distribution business in the Nashik area. It is aimed at applying parallel distribution license in the city.
The company has incorporated a wholly-owned subsidiary company in the name of Adani Electricity Nashik Ltd' (AENL) on 16th March, 2023, it said in a regulatory filing.
AENL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on March 16, 2023. AENL is yet to commence its business operations, according to the company.
The Opposition in its complaint to the Enforcement Directorate (ED) against the Adani Group on Wednesday claimed that the group has exercised improper influence to obtain concessions and contracts from governments and regulated entities which they are unqualified for.