Adani Enterprises has incorporated a wholly-owned subsidiary, Adani New Industries (ANIL), on 30 December 2021.
The initial authorised and paid-up share capital is Rs 1,00,000 each.
The wholly-owned subsidiary has been incorporated to, inter alia, undertake business of developing and operating projects for 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, electrolysers, associated upstream manufacturing as well as ancillary industries and undertake all such activities associated therewith in this regard.
ANIL will commence its business operations in due course.