Adani Enterprises incorporates new petrochemicals subsidiary

Adani Enterprises informed the regulators that it has incorporated Adani Petrochemicals Ltd (APL) as a wholly-owned subsidiary. This new unit will put marks the entry of Adani group into petrochemicals sector, which is a legacy business of Reliance Industries.

“We would like to inform you that the Company has incorporated a wholly-owned subsidiary namely, ‘Adani Petrochemicals Limited (APL) on July 30, 2021,” the Gautam Adani-led conglomerate said in a regulatory filing on Saturday.

Adani Enterprises on Saturday said it has incorporated Adani Petrochemicals Ltd (APL) as a wholly-owned subsidiary to carry on business of setting up refineries, petrochemicals complexes and specialty chemicals units. In a filing to BSE, the company…

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