Adani Enterprises Limited (ARL) has incorporated a wholly owned subsidiary, Adani New Industries Limited (ANIL), on 30th December, 2021, with an initial authorized and paid-up share capital of Rs 100,000.
The new subsidiary will undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals, generation of low carbon electricity, and manufacture of key components/material.
Projects will include generation of green hydrogen, related downstream products, electricity generation, manufacture of wind turbines, solar modules, batteries, electrolyzers, associated upstream manufacturing as well as ancillary industries and to undertake all such activities associated therewith in this regard.
Adani New Industries Limited will commence its business operations in due course.