Adani fields ANIL for G-biz

New Delhi, Jan. 9: Billionaire Gautam Adani’s logistics-to-energy conglomerate has set up a new subsidiary Adani New Industries Ltd (ANIL) to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen.

Adani had in November last year stated that his group will invest $70 billion in the new energy space of the next decade.

And now the company has incorporated a wholly-owned subsidiary ANIL, its flagship Adani

Enterprises Ltd said in a regulatory filing.

ANIL will undertake business of developing and operating projects for the synthesis of low carbon fuels and chemicals, generation of low carbon electricity and the manufacture of key components/material for projects including generation of green hydrogen, related downstream products, electricity generation, manufacture of wind turbines, it said.

ANIL will also manufacture solar modules, batteries, electrolyzers, associated upstream manufacturing as well as ancillary industries and undertake all such activities associated therewith in this regard, it added.

Group companies have already charted out ambitious plans. Adani Green Energy Ltd, the world’s largest solar power developer, is targeting 45 gigawatts of renewable energy capacity by 2030 and will invest USD 20 billion to develop a 2 GW per year solar manufacturing capacity by 2022-23.

Speaking at an event on November 11, 2021, Adani Group’s founder-chairman said the group is working to make renewable a viable, affordable alternative to fossil fuels.

“By 2030, we expect to be the world’s largest renewable energy company without any caveat — and we have committed $70 billion over the next decade to make this happen,” he said.