Adani Enterprises Limited has officially incorporated a new wholly owned subsidiary named Munger Sultanganj Road Limited (MSRL) as of November 3, 2025. The confirmation of this incorporation was received by the company at 3:40 PM IST on the same day. The new entity will focus on the development, maintenance, and management of an infrastructure project known as the "Construction of Ganga Path Connecting Munger (Safiabad) - Bariyarpur - Ghorghat - Sultanganj Road" in the State of Bihar, executed under the Hybrid Annuity Mode. This initiative is part of Adani's broader strategy to expand its footprint in the infrastructure sector.

The financial specifics regarding MSRL reveal that it has a subscribed capital of Rs. 1,00,000, distributed among 10,000 equity shares valued at Rs. 10 each. Currently, the newly established subsidiary has not commenced business operations, and therefore, its turnover stands at nil. The acquisition does not involve any related party transactions, and Adani Enterprises will retain 100% ownership of MSRL. This strategic move aligns with the company's commitment to enhancing its infrastructure capabilities in India.

As the infrastructure industry continues to be a focal point for economic development, the launch of MSRL reflects Adani's ambition in this realm. The absence of prior turnover or operational history for MSRL means it will be critical for the subsidiary to establish itself quickly in the competitive landscape. The incorporation of Munger Sultanganj Road Limited marks a significant step for Adani Enterprises as it aims to leverage its existing expertise and resources to bolster infrastructure development in key regions of India.