New Delhi: Adani Enterprises Ltd (AEL) has incorporated a new step-down wholly-owned subsidiary, Singrauli Syn-Gas & Chemicals Ltd, marking a further expansion of the group’s presence in syngas-based chemical manufacturing. The company disclosed the development in a regulatory filing to the stock exchanges on Friday.
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According to the filing, the new company was incorporated on Friday, by Mundra Synenergy Ltd (MSEL), a wholly-owned subsidiary of Adani Enterprises. Adani Enterprises described Singrauli Syn-Gas & Chemicals Ltd (SSGCL) as a step-down, wholly-owned subsidiary with a subscribed capital of Rs 5,00,000, divided into 50,000 equity shares of Rs 10 each, and noted that it has no turnover yet, as the company is “yet to commence business operations.” MSEL will hold 100 percent of the share capital of SSGCL.
The company said the new subsidiary belongs to the chemical industry and has been incorporated for the manufacture of chemicals and chemical products. In the regulatory disclosure, Adani Enterprises stated that the incorporation does not fall under related-party transactions and added that no governmental or regulatory approvals were required for the creation of the new entity.
The incorporation comes as the Adani Group advances a major syngas and chemical products strategy. The group has previously announced plans for a coal gasification project in Madhya Pradesh, part of a larger Rs 1-lakh-crore investment committed towards a smart city project, an airport, and coal gasification-linked industrial development in the state. This is in addition to an earlier Rs 1.1-lakh-crore investment plan spanning pumped storage, cement, and mining in the state. The formation of SSGCL indicates continued movement on the group’s coal-to-chemicals and syngas roadmap, particularly in the state, where the company has already been awarded the Dhirauli coal block. It must be noted that one of the ways to make syngas is through coal gasification.
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With Singrauli Syn-Gas & Chemicals Ltd added under MSEL, Adani Enterprises continues to build out its portfolio of chemical and energy-transition-aligned businesses. The new incorporation provides the company with an additional platform to pursue syngas-derived chemical manufacturing as part of its broader vision in fuels, chemicals, and downstream industrial development.