Adani Incorporates New Subsidiary Focused on Solar and Wind Energy Manufacturing

Adani Enterprises has taken a significant step in renewable energy by incorporating a new subsidiary, Adani New Industries One Limited (ANIOL). This entity, a wholly-owned subsidiary of Adani New Industries Limited (ANIL), will focus on manufacturing and services related to solar and wind energy. ANIOL will handle trading and supplying equipment like solar panels, inverters, wind turbines, and blades, aiming to strengthen the Adani Group's presence in the renewable energy sector.

The subsidiary has an authorized capital of ₹1,00,000, divided into 10,000 equity shares. While ANIOL is yet to commence operations, its establishment is a strategic move to strengthen the Adani Group's presence in the renewable energy sector.

ANIOL's focus on manufacturing solar panels, inverters, wind turbines, and blades could reduce India's reliance on imported renewable energy equipments, fostering self-reliance in the sector.

By enhancing the supply chain for solar and wind energy, ANIOL could accelerate the deployment of renewable energy projects, helping India achieve its ambitious renewable energy targets.

This move aligns with India's commitment to achieving 500 GW of non-fossil fuel capacity by 2030, as outlined in its climate action goals.