Adani Enterprises Ltd. established a new cement brokerage unit.
The company led by Gautam Adani founded a subsidiary of Adani Cement Industries Ltd. on June 11. in one hundred percent ownership, with the approved share capital of 10 lighter and paid-in capital of five light chains, according to the application from the exchange.
The unit was established to “operate as producers, producers, processors of all types of cement”, it is stated in the application. Adani Cement Industries has yet to start business.
On June 7, Adani Enterprises announced the establishment of a wholly owned subsidiary of Mundra Windtech Ltd. to manufacture wind turbine generators.
The conglomerate led by Gautam Adani has business interests from ports, airports and electricity to consumer goods. Gathering shares of companies from the group has added over $ 43 billion to Adani’s wealth this year, catapulting him to the position of the second richest person in Asia.