Adani Enterprises Limited has officially established a wholly owned subsidiary called Munger Sultanganj Road Limited (MSRL) in India, as confirmed on November 3, 2025. This strategic move aims to bolster the company’s infrastructure portfolio, specifically targeting the development and management of the "Construction of Ganga Path Connecting Munger (Safiabad) - Bariyarpur-Ghorghat-Sultanganj Road" project in Bihar. The incorporation process was completed at 3:40 PM IST on the same day, signaling a significant step in Adani's ongoing expansion efforts within the infrastructure sector.

The subsidiary has been set up with a subscribed capital of Rs. 1,00,000, comprising 10,000 equity shares valued at Rs. 10 each. Currently, MSRL has not commenced business operations, and thus its turnover stands at Nil. Importantly, the acquisition does not involve any related party transactions and is not subject to regulatory approvals, highlighting the straightforward nature of this incorporation. Adani Enterprises will retain 100% ownership of the new entity, which is poised to contribute to the company's infrastructure objectives.

Adani Enterprises continues to position itself as a leader in the Indian infrastructure landscape, with MSRL expected to play a crucial role in enhancing connectivity in Bihar. This initiative is part of a broader strategy to expand its operational footprint across various states and sectors. As MSRL prepares to begin its operations, stakeholders will be keenly watching how this new venture contributes to Adani's overall business growth and infrastructure development goals in the region.