The Adani Group has merged two of its subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, into Adani New Industries Ltd (ANIL), a company focused on green hydrogen and wind turbine manufacturing, according to a regulatory filing on Wednesday.
Adani Enterprises Ltd, the group’s flagship firm, confirmed the amalgamation of the two entities with ANIL, which is a wholly-owned subsidiary. Adani Infrastructure Private Limited is involved in developing thermal and solar power projects, along with providing engineering and project management services. Mundra Solar Technology, a relatively new entity, focuses on the production, collection, and distribution of electricity.
ANIL, part of the group, is engaged in low-carbon initiatives, including green hydrogen projects, and the manufacturing of wind turbines and solar modules. It serves various sectors like energy, utilities, transportation, and logistics.
A July report by CARE Ratings Ltd highlighted ANIL’s operational solar PV module manufacturing facility with a 4 GW capacity, supported by 4 GW solar PV cells and 2 GW ingot and wafer capacities. The company is also expanding its manufacturing capabilities by setting up facilities for solar glass, aluminium frames, and backsheets, essential components for solar cell and module production. French energy major TotalEnergies holds a 25% equity stake in ANIL, with the group retaining the remaining share.
