Adani Power Limited's Wholly Owned Subsidiary Incorporates Progressive-UP Atomic Energy Limited for Nuclear Sector
Adani Power Limited has announced the incorporation of a new wholly owned subsidiary, Progressive-UP Atomic Energy Limited (PUAEL). This step deepens the company's commitment to the nuclear energy sector through its subsidiaries.PUAEL was incorporated on June 25, 2026, and is positioned as a specialist entity within the Nuclear Energy industry. The purpose of the newly formed company is to generate, transmit, and distribute power derived from nuclear and/or atomic energy.
The incorporation structure involves Adani Atomic Energy Limited (AAEL), which is itself a wholly owned subsidiary of Adani Power Limited. PUAEL functions as a wholly owned entity under this corporate architecture.
PUAEL has been incorporated with an authorized capital of Rs. 5,00,000/- and is divided into 50,000 equity shares valued at Rs. 10/- each. The consideration for this incorporation was cash.
The shareholding structure ensures complete control by the listed entity. Details regarding PUAEL's establishment are summarized below:
| Particulars | Details |
|---|---|
| Name of Entity | Progressive-UP Atomic Energy Limited (PUAEL) |
| Date of Incorporation | June 25, 2026 |
| Industry Sector | Nuclear Energy |
| Business Focus | To generate, transmit, and distribute power derived from nuclear and/or atomic energy. |
| Authorized Capital | Rs. 5,00,000/- |
| Equity Shares Allotted | 50,000 shares of Rs. 10/- each |
| Shareholding Structure | PUAEL is a wholly owned subsidiary of AAEL, and 100% of the shareholding of AAEL is held by Adani Power Limited. |
ADANIPOWER Stock Price Movement
On Thursday, Adani Power Limited shares shed 0.29% of their value, settling at ₹229.27 in session. The equity traded within a range of ₹228.65 to ₹232.49 and saw a volume of 18.74 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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