Adani Group Merges Subsidiaries with Green Hydrogen and Wind Manufacturing Firm Adani New Industries Ltd

Adani Group merges Adani Infrastructure and Mundra Solar Technology with Adani New Industries Ltd, consolidating its renewable energy operations, including green hydrogen and wind turbine manufacturing.

In a strategic move aimed at consolidating its renewable energy operations, the Adani Group has merged two of its step-down subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Ltd (ANIL), according to a stock exchange filing on Wednesday.

This merger signifies the conglomerate's continued focus on its green energy ambitions, including green hydrogen and wind turbine manufacturing. Adani New Industries Ltd, a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), is central to the group's low-carbon project initiatives. ANIL leads projects related to green hydrogen, wind turbine manufacturing, solar modules, and battery production, serving multiple sectors such as energy, utilities, transportation, and logistics worldwide.

Adani's Strength in Renewable Energy

Adani Infrastructure Private Limited, previously involved in real estate and power project development, and Mundra Solar Technology, a key player in electricity production, collection, and distribution, are now integrated into ANIL to bolster its capabilities in sustainable energy projects. With this merger, Adani Group is aiming to streamline its operations and ramp up the production of renewable energy technologies.

Expanding Solar and Wind Manufacturing Capacity

According to CARE Ratings Ltd., ANIL already operates a robust 4 GW solar photovoltaic (PV) module manufacturing facility, along with 4 GW of solar PV cell production capacity and 2 GW of ingot and wafer capacity. In the wind segment, the company is equipped with a wind turbine generator (WTG) manufacturing facility, further enhancing its renewable energy portfolio.

ANIL is also setting up facilities to produce solar glass, aluminium frames, and backsheets—key components in its solar cell and module manufacturing. These initiatives aim to strengthen the company's position as a key player in India’s renewable energy landscape.

A Global Partnership with TotalEnergies

French energy giant TotalEnergies holds a 25% equity stake in Adani New Industries Ltd, while Adani Enterprises Ltd retains the remaining 75%. This partnership underscores the global reach and ambitions of ANIL in advancing green energy solutions worldwide.