|
Adani New Industries Limited (ANIL), a subsidiary of Adani Enterprises, has successfully raised a trade finance facility of $394 million (Rs 3,231 crore) from Barclays PLC and Deutsche Bank AG. The funding will be utilized to meet the working capital requirements of ANIL's integrated solar module manufacturing facility.
ANIL is currently focused on building one of the largest integrated green hydrogen businesses, which includes the manufacturing of solar modules and wind turbines.
Adani Enterprises, a leading company of the Adani Group in India, has focused on developing infrastructure businesses. Its future investments will focus on the green hydrogen ecosystem, airport management, roads, data centers, and primary industries like copper and petrochem, which offer potential for value creation.
On a consolidated basis, Adani Enterprises reported a 137.41% increase in net profit to Rs 722.48 crore in Q4 FY23 over Q4 FY22, while revenue from operations grew by 26.06% to Rs 31,346.05 crore.
The scrip declined 1.61% to Rs 2,429.25 on Thursday, 27 July 2023.
|