Mumbai, April 20 -- Adani Power Ltd informed the stock exchange here on Monday that it has incorporated a wholly owned step-down subsidiary called Coastal-Maha Atomic Energy Ltd, which will undertake the generation, transmission and distribution of power from nuclear reactors.
The company stated in a regulatory filing, that CMAEL has been incorporated by Adani Atomic Energy Ltd (AAEL), a wholly-owned subsidiary of Adani Power.
The development has come after the company's February 12 announcement of its incorporation of AAEL, which marked its entry into the nuclear power segment.
CMAEL was incorporated on April 13, with the certificate of incorporation received on April 18.
The entity has been set up with an authorised capital of Rs 5 la...