Adani secures $394M Trade Finance for Solar Manufacturing Facility

01 Aug 2023 CW Team

Adani is actively building one of the largest integrated green hydrogen businesses, which includes the manufacturing of solar modules and wind turbines. To achieve this, the company is establishing a fully integrated 10 GW solar manufacturing ecosystem in Mundra, covering the entire process from polysilicon to module manufacturing, along with ancillaries and supporting utilities.

Presently, the company has a solar cell and module manufacturing capacity of 3.5 GW. In a significant milestone, Adani commenced the construction of a polysilicon and monosilane manufacturing facility in Mundra, Gujarat, making it the first company to do so as of December last year.

Adani Solar earned recognition as a top solar module supplier in India for the year 2022, securing 9 per cent of the total modules supplied during that period, according to Mercom's India Solar Market Leaderboard 2023.

Additionally, Adani Transmission, a business arm of the company engaged in electricity transmission, has undergone a name change and is now known as Adani Energy Solutions, effective from July 27, 2023.

Another subsidiary of Adani, Adani Green Energy, has ambitious plans to raise Rs 123 billion ($1.4 billion) through the sale of shares via qualified institutional placement or other permissible methods. The company intends to issue equity shares, each with a face value of Rs 10 ($0.12), along with other eligible securities or a combination thereof, with the total amount raised not exceeding Rs 123 billion ($1.4 billion) or its equivalent.

In March, US-based equity investment firm GQG Partners executed a substantial deal involving a series of secondary block trade transactions valued at Rs 154.46 billion ($1.87 billion) in Adani Portfolio companies. This included an investment of Rs 54.6 billion ($663.21 million) in Adani Enterprises for 38.7 million shares at a price of Rs 1,410.86 ($17.14) per share.

Moreover, in February, Adani Enterprises decided to return Abu Dhabi’s International Holding Company's AED 1.4 billion (~$381 million) investment into its three green energy-focused companies. The move was taken to safeguard the interests of its investors amidst market volatility and unforeseen circumstances, leading to the withdrawal of the completed transaction.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Adani New Industries, a wholly owned subsidiary of Adani Enterprises, has secured a trade finance facility amounting to $394 million from Barclays PLC and Deutsche Bank AG. The funds will be utilised to fulfil the working capital needs of their integrated solar module manufacturing facility.Adani is actively building one of the largest integrated green hydrogen businesses, which includes the manufacturing of solar modules and wind turbines. To achieve this, the company is establishing a fully integrated 10 GW solar manufacturing ecosystem in Mundra, covering the entire process from polysilicon to module manufacturing, along with ancillaries and supporting utilities.Presently, the company has a solar cell and module manufacturing capacity of 3.5 GW. In a significant milestone, Adani commenced the construction of a polysilicon and monosilane manufacturing facility in Mundra, Gujarat, making it the first company to do so as of December last year.Adani Solar earned recognition as a top solar module supplier in India for the year 2022, securing 9 per cent of the total modules supplied during that period, according to Mercom's India Solar Market Leaderboard 2023.Additionally, Adani Transmission, a business arm of the company engaged in electricity transmission, has undergone a name change and is now known as Adani Energy Solutions, effective from July 27, 2023.Another subsidiary of Adani, Adani Green Energy, has ambitious plans to raise Rs 123 billion ($1.4 billion) through the sale of shares via qualified institutional placement or other permissible methods. The company intends to issue equity shares, each with a face value of Rs 10 ($0.12), along with other eligible securities or a combination thereof, with the total amount raised not exceeding Rs 123 billion ($1.4 billion) or its equivalent.In March, US-based equity investment firm GQG Partners executed a substantial deal involving a series of secondary block trade transactions valued at Rs 154.46 billion ($1.87 billion) in Adani Portfolio companies. This included an investment of Rs 54.6 billion ($663.21 million) in Adani Enterprises for 38.7 million shares at a price of Rs 1,410.86 ($17.14) per share.Moreover, in February, Adani Enterprises decided to return Abu Dhabi’s International Holding Company's AED 1.4 billion (~$381 million) investment into its three green energy-focused companies. The move was taken to safeguard the interests of its investors amidst market volatility and unforeseen circumstances, leading to the withdrawal of the completed transaction.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..