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

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Real Estate

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Real Estate

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..