Latest News | Adani Enterprises Incorporates Wholly-owned Arm MPL

New Delhi, Apr 20 (PTI) Adani Enterprises on Tuesday announced incorporation of a wholly-owned arm 'Mundra Petrochem Ltd' (MPL).

In a filing to BSE, the company said MPL is yet to commence its business operations.

"MPL is incorporated with the object to set up various feedstocks (coal, petcoke, coke, limestone, salts, sand, tar, oil, LPG, LNG, Ethane, LPG, green fuels etc.) based refinery, petrochemical and chemical plants in a phased manner in India and to undertake all such activities associated with land acquisition, design and engineering, procurement...and other related undertakings," the filing said.

MPL is incorporated in India and was registered with the Registrar of Companies, Gujarat at Ahmedabad on Monday, it added.

Adani Enterprises Ltd (AEL), the flagship entity of Adani Group, is an incubator focusing on establishing diverse new businesses.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)