According to the company’s exchange filing, ERL was incorporated on 26 December 2025 and is registered with the Registrar of Companies, Gujarat, at Ahmedabad. The new entity is yet to commence its business operations.

The primary objective of ERL is to generate, develop, distribute, transmit, sell, and supply power using renewable energy sources such as solar, wind and other clean energy technologies.

Adani Renewable Energy Holding Eleven Limited holds 100% of the share capital of ERL. The newly incorporated subsidiary has an authorised capital of Rs 1 lakh and a paid-up capital of Rs 1 lakh.

Adani Green Energy is India’s largest and one of the leading renewable energy companies in the world enabling the clean energy transition. It develops, owns, and operates utility scale grid-connected solar, wind, hybrid and hydro pumped storage renewable power plants. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals.

The company reported a 111.2% surge in consolidated net profit to Rs 583 crore despite of 5.3% decline in net sales to Rs 2,824 crore in Q2 FY26 over Q2 FY25.

The counter slipped 1.29% to Rs 1,004.75 on the BSE.