By: ICN Bureau
Last updated : January 03, 2022 9:52 am
The new subsidiary will undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals
Adani Enterprises Limited (ARL) has incorporated a wholly owned subsidiary namely, Adani New Industries Limited (ANIL), on 30th December, 2021, with an initial authorized and paid-up share capital of Rs. 1,00,000.
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 for such projects including but not limited to 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.
Adani Enterprises Limited is the flagship company of the Adani Group, one of India’s largest business organizations. Over the years, Adani Enterprises has focused on building stellar infrastructural assets contributing to nation-building.
Having successfully built unicorns like Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy and Adani Total Gas, the company has contributed significantly to make the country self-reliant.
The next-generation of its strategic business investments are centered on the fields of airport management, roads, data center and water infrastructure. Following these principles has led to very strong returns to our shareholders. A one-rupee investment in Adani Enterprises, which was the group’s first IPO in 1994, has returned over 800x.