Adani sets up subsidiary for metro rail projects

Adani
Adani Enterprises has set up a wholly-owned subsidiary Adani Metro Transport (ATML) to undertake construction of transportation facilities like the metro, mono rail, rapid rail transit under EPC. The subsidiary will start operations shortly and has authorized a share capital of Rs 5 lakh and paid-up capital of Rs one lakh. Considering that several Indian cities are taking up metro and rapid transport projects to spruce up infrastructure building across cities in the country, the sector is attracting infra building majors, both from within and outside the country.

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