Adani Green Adds Two New Subsidiaries To Boost Renewables

01 Dec 2025 CW Team

Adani Green Energy Limited (AGEL) has expanded its renewable energy portfolio with the incorporation of two new step-down subsidiaries, strengthening its clean energy generation and distribution capabilities.

In an official filing, the company said its wholly owned subsidiary, Adani Saur Urja (KA) Ltd (ASUKAL), has established two additional wholly owned entities — Adani Hydro Energy Thirteen Limited (AHE13L) and Adani Hydro Energy Sixteen Limited (AHE16L). Both companies are based in Gujarat, further reinforcing the state’s position as a core hub for the Adani Group’s renewable-energy initiatives.

According to the filing, the primary purpose of AHE13L and AHE16L is to undertake the generation, development, transformation, transmission, distribution and sale of electricity produced from renewable sources. These include solar, wind and other clean-energy technologies.

The incorporation of these subsidiaries aligns with AGEL’s broader strategy to expand its footprint across India’s renewable-energy landscape. As one of the country’s largest renewable-power producers, AGEL continues to scale up its infrastructure to meet rising clean-energy demand and support national sustainability and carbon-reduction commitments.

The establishment of the two entities reflects AGEL’s ongoing efforts to diversify its green portfolio and enhance operational efficiency across multiple renewable verticals. With this move, the company reinforces its commitment to building an integrated renewable-energy ecosystem capable of supporting large-scale deployment of clean power across India.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..