Adani Enterprises sets up subsidiary for metro rail business
More states are expected to take up metro rail projects
Adani Enterprises has set up a wholly-owned subsidiary Adani Metro Transport (ATML) to focus on Metro rail projects.
The subsidiary will undertake business of building, construction of transportation facilities like the Metro and mono rail segment, rapid rail transit system, and engineering, procurement and construction thereof.
The subsidiary, which is yet to start operations, has authorised share capital of Rs 5 lakh and paid-up share capital of Rs one lakh.
Considering that several Indian cities are taking up metro projects and rapid transport projects to spruce up infrastructure, the sector is attracting infrastructure majors, both locally and abroad.