Adani Group has merged two of its step-down subsidiaries—Adani Infrastructure Private Limited and Mundra Solar Technology Limited—with Adani New Industries Limited (ANIL), a wholly-owned subsidiary of Adani Enterprises Limited. This merger is aimed at strengthening ANIL’s focus on low-carbon initiatives, including green hydrogen projects and the manufacturing of wind turbines and solar modules.
Mundra Solar Technology is engaged in the production, collection, and distribution of electricity, enhancing ANIL’s solar manufacturing capabilities. ANIL undertakes projects across energy, utilities, transportation, logistics, and incubation sectors worldwide. It has operational facilities for manufacturing 4 GW of solar PV modules, with integrated production capacities for 4 GW of solar PV cells and 2 GW of ingot and wafer production. It also has wind turbine generator (WTG) manufacturing capabilities. TotalEnergies holds a 25 per cent equity stake in ANIL, while Adani Enterprises Limited owns the remaining 75 per cent.
In September 2024, Maharashtra State Electricity Distribution Company Limited signed a Letter of Intent (LoI) with Adani Green Energy Limited (AGEL) for a long-term power purchase agreement (PPA). Earlier in the same month, AGEL and TotalEnergies agreed to form a new joint venture to develop a solar portfolio in Khavda, Gujarat, with a capacity of 1,150 MW.
