Adani Group Expands Green Hydrogen and Wind Turbine Manufacturing Operations Through Merger
Key Ideas
- Adani Group merges two subsidiaries with Adani New Industries Ltd., focusing on green hydrogen and wind turbine manufacturing.
- ANIL, a low-carbon subsidiary, undertakes projects in green hydrogen, wind turbines, and solar module batteries for various sectors.
- The merger aims to strengthen Adani's position in renewable energy by expanding manufacturing capabilities and product range.
- TotalEnergies holds 25% of ANIL, showcasing international partnerships in India's renewable energy sector.
The Adani Group recently announced the merger of two step-down subsidiaries with Adani New Industries Ltd. (ANIL), a firm specializing in green hydrogen and wind turbine manufacturing. Adani Infrastructure Private Limited and Mundra Solar Technology Limited have been amalgamated with ANIL, a move aimed at consolidating the group's renewable energy operations. ANIL, a wholly-owned subsidiary of Adani Enterprises Ltd. (AEL), focuses on low-carbon projects and plays a key role in green hydrogen initiatives, wind turbine manufacturing, and solar module battery production. The company caters to a wide range of sectors including energy, utilities, transportation, logistics, and incubation globally. With facilities for manufacturing solar PV modules and wind turbine generators under its belt, ANIL is also gearing up to produce essential components like solar glass and aluminum frames to support its existing solar cell and module manufacturing capacity. Additionally, the presence of TotalEnergies as a strategic investor holding a 25% equity stake in ANIL underscores the international collaboration in India's renewable energy landscape. This strategic merger is a significant step towards bolstering Adani's renewable energy portfolio, enhancing its manufacturing capabilities, and advancing its sustainability goals.