Adani floats China subsidiary to provide project management services
The Hindu
Adani Group expands global presence with subsidiary in China for supply chain solutions and project management services.
Adani Group has formed a subsidiary in China to carry out the business of providing supply chain solutions and project management services, according to a regulatory filing.
Adani Enterprises, the group's flagship firm, in the filing, said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on September 2, 2024.
"AERCL is incorporated to carry out business of providing supply chain solutions and project management services," it said without providing details.
The subsidiary was incorporated by Adani Global Pte (AGPTE), Singapore - a step-down subsidiary of Adani Enterprises Ltd (AEL). AEL houses the conglomerate's mining, roads, airports, data centre and water infrastructure businesses.
"AERCL has been incorporated and registered under the laws of Company Law of the People's Republic of China on September 2, 2024," the filing said. AERCL is yet to commence its business operations.
The new unit comes days after AEL set up a subsidiary in Kenya, Airports Infrastructure PLC (AIP) "to take over, operate, maintain, develop, design, construct, upgrade, modernize and manage the airports" in the African nation.
The group, which currently operates seven airports in the country, is looking to expand overseas.
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