Adani Group's energy business to be led by Adani New Industries

12 Jan 2022 CW Team

In November 2021, Adani announced that his company would invest $70 billion in the new energy space over the next decade.

Adani Enterprises Limited, the company's flagship, has now formed a wholly-owned subsidiary, Adani New Industries Limited (ANIL), according to a regulatory filing.

ANIL will develop and operate projects for the synthesis of low-carbon fuels and chemicals, the generation of low-carbon electricity, and the manufacturing of key components and materials for projects such as the production of green hydrogen, related downstream products, electricity generation, and wind turbine manufacturing.

Companies in the group have already devised ambitious plans. Adani Green Energy Limited (AGEL), the world's largest solar power developer, plans to build 45 gigawatts of renewable energy capacity by 2030, investing $20 billion to build a 2 GW per year solar manufacturing capacity by 2022-23.

Adani Transmission Limited (ATL), India's largest private sector power transmission and retail distribution company aims to boost renewable energy procurement from 3% to 30% by FY 2023 and 70% by FY 2030.

The founder-chairman of Adani Group, speaking at an event on November 11, 2021, said the company is working to make renewable energy a viable and affordable alternative to fossil fuels.

Prime Minister Narendra Modi announced 2070 as India's target year for achieving net-zero carbon emissions at COP 26 in Glasgow.

India also announced a slew of other, more ambitious climate goals for 2030, including increasing renewable energy's share in the country's energy mix to 50%, increasing non-fossil energy installed capacity from 450 to 500 GW, and reducing the economy's carbon intensity by 45%, as opposed to the previous goal of 33 to 35%.

Adani, as well as Mukesh Ambani, India's richest man, have announced ambitious plans in this regard.

Image Source

The Adani Group’s logistics-to-energy conglomerate has established a new subsidiary, ANIL, to undertake green hydrogen projects, generation of low-carbon electricity, and manufacturing of wind turbines, solar modules, and batteries. In November 2021, Adani announced that his company would invest $70 billion in the new energy space over the next decade. Adani Enterprises Limited, the company's flagship, has now formed a wholly-owned subsidiary, Adani New Industries Limited (ANIL), according to a regulatory filing. ANIL will develop and operate projects for the synthesis of low-carbon fuels and chemicals, the generation of low-carbon electricity, and the manufacturing of key components and materials for projects such as the production of green hydrogen, related downstream products, electricity generation, and wind turbine manufacturing. Companies in the group have already devised ambitious plans. Adani Green Energy Limited (AGEL), the world's largest solar power developer, plans to build 45 gigawatts of renewable energy capacity by 2030, investing $20 billion to build a 2 GW per year solar manufacturing capacity by 2022-23. Adani Transmission Limited (ATL), India's largest private sector power transmission and retail distribution company aims to boost renewable energy procurement from 3% to 30% by FY 2023 and 70% by FY 2030. The founder-chairman of Adani Group, speaking at an event on November 11, 2021, said the company is working to make renewable energy a viable and affordable alternative to fossil fuels. Prime Minister Narendra Modi announced 2070 as India's target year for achieving net-zero carbon emissions at COP 26 in Glasgow. India also announced a slew of other, more ambitious climate goals for 2030, including increasing renewable energy's share in the country's energy mix to 50%, increasing non-fossil energy installed capacity from 450 to 500 GW, and reducing the economy's carbon intensity by 45%, as opposed to the previous goal of 33 to 35%. Adani, as well as Mukesh Ambani, India's richest man, have announced ambitious plans in this regard. Image Source

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..