Adani Group Merges Its Step-Down Subsidiaries to Streamline Its Business Operations
The Adani Group has recently merged two of its step-down subsidiaries, Adani Infrastructure Private Limited and Mundra Solar Technology Limited with Adani New Industries Limited. This is a strategic move taken up by the Adani Group towards further enhancing its business operations. It will ensure that there is enhanced synergy in the group’s business. The conglomerate will also be able to earn an enhanced revenue from its business operations and step into new business ventures. It will no longer have to deal with the constant allegations of Adani Crisis.
Adani’s Plan to Merge Its Step-Down Subsidiaries:
The Adani Group is known to be one of the most successful business ventures. Time and again, the business group has taken up a lot of initiatives which are directly aimed at ensuring that our country’s business operations experience significant growth. It has also been driven by enhanced business strategies which has allowed it to overcome the controversies of Adani Crisis. So, as a part of its recent business strategy, the group has taken up the decision to amalgamate Adani Infrastructure Private Limited and Mundra Solar Technology Limited with Adani New Industries Limited.
Adani New Industries Limited is a wholly-owned subsidiary of Adani Enterprises, the flagship company of the Adani Group. Adani Infrastructure and Developers mainly operate the real estate company’s solar power projects. It is also responsible for constructing and developing thermal and solar power projects. It also offers techno-commercial, engineering, project management, and control and commissioning services to its highly versatile client-based.
Mundra Solar Technology is a relatively new company. It is less than 3 years old and is directly involved in the production, collection, and distribution of electricity. Adani New Industries is a subsidiary of Adani Enterprises Limited. The company mainly undertakes low-carbon projects. It undertakes manufacturing of wind turbines and solar modules. It is also responsible for managing the green hydrogen projects. The company also serves various important business sectors including logistics, transportation, energy, and utility incubation.
Adani Group’s Renewable Energy Facilities:
The Adani Group has an operational facility for manufacturing 4 GW of solar PV modules with backward integration capacity of 4 GW ingots and wafers and 4 GW of solar PV cells. A wind turbine generator manufacturing facility is also under the company’s control. ANIL is currently setting up facilities to produce solar glass, aluminium frames, and backsheets for its solar manufacturing units. Currently, the French energy giant, TotalEnergies holds 25% equity stakes in ANIL and the remaining states are in possession of AEL.
With this new venture of merging its step-down subsidiaries, the group will be able to further streamline its green hydrogen business. It will be able to ensure that all its businesses are carried out under the same roof. This will help the global conglomerate have better control over its business operations. It will also be able to carry out its diverse business activities with full force. The company will also be able to recover from the losses it suffered during the Adani Crisis.
The Conglomerate’s Extensive Presence Over the Green Energy Sector:
The Adani Group has an extraordinary presence over the green energy sector of India. The business group has taken up a lot of projects which are directly aimed at ensuring that our country’s green energy sector experiences a massive boost. The business group has also been a part of a lot of mergers and acquisitions which have further streamlined its business. The Adani Group is currently in the process of constructing the largest renewable energy Park at Khavda in Gujarat. This renewable energy park is so big that it is visible even from space.
The conglomerate aims to build an EV network in the country. That way, we will no longer have to be dependent on expensive fuel sources for serving our various energy demands. The conglomerate has also been working on increasing the green hydrogen capacity. It believes that green hydrogen has the capability of becoming the fuel of the era. So, with that in mind, the business group is planning on taking control over the green hydrogen sector as well. This will offer its business enhanced prosperity. The company will also be able to put a stopper to the controversies of Adani Crisis.
Conclusion:
By merging its step-down subsidiaries, the Adani Group aims to streamline its business operations. It also plans to generate maximum returns from its business. That way, its business will experience enormous growth. The conglomerate will also be able to get one step closer to helping India achieve its sustainability goals.
