Adani Group interests

Adani Enterprises Ltd. has made its business interests public in a SEBI filing as per reports. By the end of the year 2021, the company had established a wholly-owned subsidiary company, Adani New Industries Ltd. Through this subsidiary, the company will undertake the 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 and material for such projects including but not limited to generation of green hydrogen, related downstream products, solar modules, batteries, electrolysers, associated upstream manufacturing as well as ancillary industries and related activities. If the latest reports are to be believed, the company could expand to commercial vehicles also under the trademark ‘Adani Vehicle’ for surface transport (road) vehicles. As reported, in the initial phase, the company could look at including coaches, buses and trucks in its plan for internal logistical activities at ports, and airports. It could also set up an R&D facility for its emobility projects in the SEZ of Gujarat’s Mundra port.