Adani Enterprises, Navayuga Engineering Co incorporates new company
The company has incorporated a new subsidiary
Adani Enterprises and Navayuga Engineering Company have incorporated a new company, Vijayawada Bypass Project (VBPPL) on 15 May 2020 in the ratio of 74:26.
The company has incorporated a new subsidiary to carry out the development, maintenance and management of six laning of Vijaywada Bypass from Gollapudi (design ch 30.000) to Chinnakakani (design ch 47.881) including major bridge across river Krishna in Vijayawada Gundugolanu section of NH-16 under Bharatmala Pariyojana on hybrid annuity mode (Package-IV).
The Vijayawada Bypass Project’s authorized share capital is Rs one lakh and paid-up share capital is Rs one lakh.
The company is yet to commence its business operations.