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Adani Ports Forms New Subsidiary to Develop Paradip Port Berths
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CNBC TV18•06-10-2026, 19:52
Adani Ports Forms New Subsidiary to Develop Paradip Port Berths
- •Adani Ports and Special Economic Zone has incorporated a wholly owned subsidiary named Paradip Mahanadi Terminal Limited.
- •The new entity will develop and operate two dry bulk berths at Paradip Port in Odisha.
- •Paradip Mahanadi Terminal was incorporated on October 6 with an authorised and paid-up share capital of 5 lakh rupees.
- •APSEZ holds a 100 percent stake in the newly formed subsidiary company.
Key Questions Answered
Adani Ports and Special Economic Zone incorporated a wholly owned subsidiary named Paradip Mahanadi Terminal Limited to develop and operate two dry bulk berths at Paradip Port in Odisha.
Paradip Mahanadi Terminal Limited has an authorised and paid-up share capital of ₹5 lakh, which is divided into 50,000 equity shares of ₹10 each. APSEZ holds a 100% share in this newly incorporated entity.
Shares of Adani Ports closed at ₹1,783.40 on the National Stock Exchange on October 6, registering an increase of ₹9.40 or 0.53%.
