• Source:JND
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Adani Group has merged two of its step-down subsidiaries with green hydrogen and wind turbine maker Adani New Industries Ltd, According to a stock exchange filing on Wednesday.

Adani Infrastructure & Developer operates as a real estate company, constructing and developing thermal and solar power projects as well as providing engineering, techno-commercial, project management and control, and commissioning services. Mundra Solar Technology, which is less than three years old, is involved in power generation, collection, and distribution.

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"Adani Infrastructure Private Limited and Mundra Solar Technology Limited stands amalgamated with Adani New Industries Limited, a wholly-owned subsidiary of the company," Adani Enterprises Ltd, the group's flagship firm said in the filing.

Adani New Industries Limited (ANIL) is a subsidiary of Adani Enterprises Limited that undertakes low-carbon projects. It undertakes green hydrogen projects, manufactures wind turbines, and solar module batteries. It serves the energy and utilities, transportation, logistics, and incubation sectors worldwide.

According to a July note by CARE Ratings Ltd., Adani has an operational facility to manufacture 4 GW of solar PV modules 4 GW of solar PV cells and 2 GW of ingots and wafers with backward integration capacity, and wind turbine generators (WTGs). Production facilities under the wind sector.

ANIL has reportedly set up facilities to produce solar glass, aluminium frames, and back sheets—key parts for manufacturing its existing solar cells and modules. French energy giant TotalEnergies holds a 25 per cent equity stake in ANIL, while AL holds the rest.

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(With PTI's Input)

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