Adani Ports and Special Economic Zone Limited announced incorporation of wholly owned subsidiary "Adani Aviation Fuels Limited" on September 29, 2022. AAFL has (c) Authorized Share Capital: INR 500,000 and (d) Paid-up Share Capital: INR 500,000. AAFL belongs to aviation fuel industry and is yet to commence its business operations.

AAFL has been incorporated as a wholly owned subsidiary of the Company for carrying on business of sourcing, transporting, supplying & trading of aviation related fuels, constructing, developing, managing, maintaining, building, equip, hiring of infrastructure related to the business. AAFL is incorporated in India and registered with Registrar of Companies, Gujarat at Ahmedabad on September 29, 2022 and is yet to commence its business operations.