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In a strategic move designed to consolidate its operations and strengthen its position in the renewable energy sector, Adani Enterprises, the flagship company of the Adani Group, has announced the merger of two of its subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited, with Adani New Industries Limited (ANIL). This significant development, effective from October 1, 2023, marks a key step in Adani's ambitious plans to expand its presence in the low-carbon and green energy domains.
Adani Infrastructure Private Limited, known for its expertise in constructing and developing thermal and solar power projects, has been a key contributor to the Adani Group's infrastructure portfolio. The company's engineering, project management, and commissioning capabilities have played a vital role in establishing Adani's presence in the power sector. Mundra Solar Technology Limited, on the other hand, has focused on the production, collection, and distribution of electricity, primarily through its solar energy operations. The merger of these two subsidiaries with ANIL, a wholly-owned subsidiary of Adani Enterprises, signifies a strategic alignment of their respective strengths and expertise to accelerate Adani's green energy ambitions.
ANIL, as a dedicated entity for low-carbon projects, green hydrogen initiatives, and the manufacturing of wind turbines and solar module batteries, has been at the forefront of Adani's sustainability goals. The integration of Adani Infrastructure and Mundra Solar into ANIL brings together a wealth of experience in infrastructure development, solar power generation, and renewable energy technologies. This merger is expected to create synergies and accelerate the implementation of ANIL's ambitious projects, including the establishment of facilities for the production of solar glass, aluminium frames, and back sheets, crucial components for its existing solar cell and module manufacturing operations.
The merger of Adani Infrastructure, Mundra Solar, and ANIL is a testament to the Adani Group's commitment to sustainable growth and its strategic focus on building a robust renewable energy portfolio. This move is expected to enhance the group's capabilities, streamline operations, and position it for greater success in the rapidly evolving clean energy landscape. As Adani continues to invest heavily in green technologies, the integration of its subsidiaries under the ANIL umbrella is likely to play a crucial role in achieving its ambitious targets and contributing to a cleaner, more sustainable future.
Source: Adani Enterprises merges two subsidiaries with Adani New Industries Limited