Adani Group announced the merger of two of its step-down subsidiaries with Adani New Industries Ltd, a company known for its focus on green hydrogen projects and manufacturing of wind turbines. The subsidiaries involved in the merger are Adani Infrastructure & Developer, a real estate and power project company, and Mundra Solar Technology, engaged in power generation and distribution. Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises Limited, is positioned to drive low-carbon projects globally, emphasizing green hydrogen initiatives and the production of solar modules and wind turbines. CARE Ratings Ltd. highlighted Adani's operational capabilities in the renewable energy sector, noting the company's manufacturing capacity for solar PV modules, cells, ingots, wafers, and wind turbine generators. Additionally, ANIL has established facilities for producing key components like solar glass, aluminium frames, and back sheets for its solar cells and modules. Notably, French energy company TotalEnergies holds a 25% equity stake in ANIL, while Adani Limited (AL) holds the remaining shares. The merger signifies Adani Group's strategic move towards strengthening its presence in the renewable energy market and expanding its green hydrogen and wind energy projects. This development aligns with the global focus on transitioning to sustainable and environmentally friendly energy sources, positioning Adani New Industries as a key player in the renewable energy landscape.