Adani Enterprises incorporates subsidiary Adani Road O&M to undertake infrastructure activities; Stock climbs 1.5%

ARO&ML is yet to commence its business operations.

Apr 08, 2021 11:04 IST India Infoline News Service

Adani Green Energy
Adani Enterprises on Thursday announced that its subsidiary Adani Road Transport Limited ("ARTL"), has incorporated a wholly-owned subsidiary namely "Adani Road O&M Limited" ("ARO&ML").

ARO&ML is yet to commence its business operations.

The objective of incorporating ARO&ML is to undertake activities relating to the Operations, Maintenance, Tolling and other incidental activities of Infrastructure facilities including roads, highways, expressways, bridges and other infrastructure assets.

At around 11.07 am, Adani Enterprises was trading at Rs1181.45 per piece up by 1.54% on Sensex. The stock has touched an intraday high of Rs1191.20 per piece in early trading hours.

Related Story

Explore Important Blogs