Adani Group Merges Subsidiaries for Green Hydrogen and Wind Turbine Expansion
Key Ideas
- Adani New Industries Ltd merges two subsidiaries, focusing on green hydrogen and wind turbine manufacturing.
- The move aligns with Adani's low-carbon projects and expansion in solar and wind energy sectors.
- ANIL's partnerships, like with TotalEnergies, showcase interest and investment in sustainable energy projects.
Adani Group has announced the merger of two step-down subsidiaries with Adani New Industries Ltd, a green hydrogen and wind turbine manufacturing firm. The subsidiaries include Adani Infrastructure Private Limited, known for real estate and power projects, and Mundra Solar Technology Limited, which is engaged in electricity production and distribution. Adani New Industries Ltd, a subsidiary of Adani Enterprises Ltd, focuses on low-carbon projects such as green hydrogen, wind turbine manufacturing, and solar modules batteries across various sectors globally. The company also has operational facilities for the manufacturing of solar PV modules and wind turbine generators. ANIL is also expanding its production capabilities to include solar glass, aluminium frames, and backsheets essential for its solar cell and module manufacturing. Notably, French energy giant TotalEnergies holds a 25% stake in ANIL, highlighting significant interest and investment in sustainable energy projects. The merger and expansion efforts reflect Adani's commitment to renewable energy and align with global trends towards eco-friendly solutions.