Adani Group's Expansion into Low-Carbon Projects and Green Hydrogen
Key Ideas
- Adani Group merged two subsidiaries, focusing on low-carbon projects like green hydrogen, wind turbines, and solar modules, into Adani New Industries Limited.
- TotalEnergies holds a 25 percent stake in ANIL, showing significant interest and investment in the company.
- ANIL is actively involved in the production of key components for solar energy generation like solar glass and aluminium frames, enhancing its vertical integration.
- The subsidiary serves various sectors worldwide including energy, utilities, transportation, logistics, and incubation, indicating a broad scope for its low-carbon projects.
The Adani Group recently merged two subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Limited, focusing on low-carbon projects such as green hydrogen, wind turbines, and solar modules. Adani New Industries Ltd (ANIL) is a subsidiary of Adani Enterprises Ltd that undertakes green hydrogen projects and the manufacturing of wind turbines and solar modules batteries. The company is also engaged in the production of key components like solar glass and aluminium frames for solar cell and module manufacturing, showcasing vertical integration. French energy giant TotalEnergies has a 25 percent equity stake in ANIL, demonstrating a significant partnership. ANIL's operations span across various sectors globally, including energy, utilities, transportation, logistics, and incubation, highlighting its diversified approach towards low-carbon initiatives.