Adani New Industries raises $394 million for solar module manufacturing

Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises Limited, has raised a trade finance facility worth $394 million from Barclays Plc and Deutsche Bank.

The funds will be utilised to meet the working capital requirements of ANIL’s solar module manufacturing facility. Notably, ANIL aims to establish a comprehensive ecosystem for green hydrogen, incorporating solar module and wind turbine manufacturing.