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Adani Group merges two energy subsidiaries with Adani New Industries

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Adani Group has merged two of its subsidiaries, Adani Infrastructure and Mundra Solar Technology, with Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises (AEL).  ANIL is expanding its solar manufacturing capabilities by setting up facilities to produce solar glass, aluminium frames, and backsheets. TotalEnergies holds a 25% equity stake in ANIL, while AEL owns the rest. Adani Infrastructure focuses on thermal and solar power projects, while Mundra Solar Technology manages electricity production and…