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    Adani Enterprises sets up new arm for metro rail business

    The subsidiary, which is yet to start operations, has authorised share capital of Rs 5 lakh and paid-up share capital of Rs 1 lakh. With Indian cities taking up metro projects, the sector is attracting infrastructure majors, both locally and abroad.

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    Ajay Nirmal
    Graduated from Mumbai University, Ajay brings in the latest news across sports, tech, and world news. Ajay loves talking on tech, latest news, and events.

    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 five lakh and paid-up share capital of Rs one lakh.

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