Team News Riveting
Mumbai, July 31
Adani Enterprises Limited, the flagship company of Indian conglomerate Adani Group, has announced the incorporation of a wholly-owned arm “Adani Petrochemicals Limited”.
The authorized and paid-up share capital of the Adani Petrochemicals Limited (APL) is Rs 1,00,000 while the turnover is nil as it is yet to commence business operations, the company said in a regulatory filing.
The object of the acquisition is to carry on business of setting up of refineries, petrochemicals complexes, specialty chemicals units. Hydrogen and related chemicals plants and other such similar units.
APL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on July 30, 2021.
