Adani Group has formed a new subsidiary company named 'ANIL'

Daily Current Affairs / Adani Group has formed a new subsidiary company named 'ANIL'

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Category : Business and economics Published on: January 11 2022

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Industrialist Gautam Adani-led Adani Group has formed a new subsidiary named ‘Adani New Industries Limited’ (ANIL).
The unit will work in the areas of manufacturing of wind turbines, solar modules and batteries along with green hydrogen projects, low carbon emission power generation.
The new subsidiary of the Adani Group aims to become the world’s largest renewable energy company and produce hydrogen at the lowest cost.
Adani Green Energy Limited (AGEL), the world’s largest solar power producer, has set a target of 45 GW of renewable energy generation capacity by 2030 and will spend $20 billion to develop two GW per year solar power generation capacity by 2022-23.