Adani Enterprises (AEL) has improved its ecosystem for renewable energy by combining two businesses with Adani New Industries (ANIL). This action is being taken as the company gets ready to boost capital expenditures and expects the much-discussed cash raise via the QIP route. 

Adani Infrastructure and Mundra Solar Technology were merged into ANIL, one of Adani Enterprises’ incubating portfolio companies. The company said that all necessary procedural formalities and statutory filings have been completed. 

In addition to producing more solar and wind energy, Adani New Industries has been optimising its supply chain. In the June quarter, ANIL’s wind manufacturing division was approved to make 3 megawatts (MW) of wind turbines, while its solar manufacturing division was producing 4GW of solar energy at full capacity.

Adani New Industries is gearing up to manufacture solar and wind power businesses, as well as electrolyser and green hydrogen.

Sales of ANIL’s solar modules have increased by 125% as compared to the June quarter of 2023.

Adani New Industries Limited (ANIL) was founded in 2022 with the goal of spearheading investments in sustainable technologies and green energy. ANIL is considered a crucial component of the Adani Group’s plans for the production of green hydrogen.

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