Mumbai, October 23 (Udaipur Kiran) — Shares of Adani Enterprises Ltd (AEL) edged higher on Thursday after the company announced the incorporation of a wholly owned subsidiary, Sultanganj Sabour Road Ltd (SSRL), to execute a key road construction project in Bihar.
The stock was trading at ₹2,567.25, up by ₹17.30 or 0.68% from its previous close of ₹2,549.95 on the BSE. The scrip opened at ₹2,550.20 and hit an intraday high of ₹2,576.15 and a low of ₹2,550.20. So far, about 16,785 shares have been traded on the counter.
Adani Enterprises’ market capitalisation currently stands at ₹2,96,162.78 crore. The stock has a 52-week high of ₹3,069.85 (November 6, 2024) and a 52-week low of ₹2,026.90 (March 3, 2025). In the past week, it traded between ₹2,579.70 and ₹2,536.20.
The company informed that it has incorporated Sultanganj Sabour Road Ltd (SSRL) on October 21, 2025, registered with the Registrar of Companies, Ahmedabad. The subsidiary will be responsible for the construction of the Ganga Path connecting Sultanganj–Bhagalpur–Sabour Road in the state of Bihar, under the Hybrid Annuity Mode (HAM) model.
Adani Enterprises will hold 100% shareholding in SSRL.
The new subsidiary marks another step in Adani Enterprises’ ongoing efforts to expand its presence in India’s infrastructure development sector. The company, which serves as the flagship entity of the Adani Group, has been a leading player in nation-building projects, including airports, roads, green energy, and logistics.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
