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					</table><p>Adani New Industries, a wholly owned subsidiary of <a href="https://www.adanienterprises.com/" target="_blank" rel="noopener">Adani Enterprises</a>, has secured a trade finance facility of $394 million from <a href="https://home.barclays/" target="_blank" rel="noopener">Barclays PLC</a> and <a href="https://www.db.com/index?language_id=1&amp;kid=sl.redirect-en.shortcut" target="_blank" rel="noopener">Deutsche Bank AG</a> to fulfill the working capital needs of their integrated solar module manufacturing facility.</p>
<p>The company is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar module and wind turbine manufacturing.</p>
<p>Adani is building a fully integrated and comprehensive 10 GW solar manufacturing ecosystem in Mundra for polysilicon to modules manufacturing, including ancillaries and supporting utilities.</p>
<p>The company has a solar cell and module manufacturing capacity of 3.5 GW.</p>
<p>In December last year, it <a href="https://www.mercomindia.com/adani-construction-30000-mtpa-polysilicon-facility" target="_blank" rel="noopener">became</a> the first company to start the construction of a polysilicon and monosilane manufacturing facility to be constructed in Mundra, Gujarat.</p>
<p>Adani Solar was one of the top solar module suppliers in the calendar year (CY) 2022, according to Mercom’s recently released <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-leaderboard-2023-market-shares-and-profiles" target="_blank" rel="noopener">India Solar Market Leaderboard 2023</a>. Adani Solar accounted for 9% of the total modules supplied in 2022.</p>
<p>The company&#8217;s electricity transmission business arm, Adani Transmission, announced a name change to Adani Energy Solutions, effective July 27, 2023.`</p>
<p>Another Adani subsidiary, Adani Green Energy, is set to <a href="https://www.mercomindia.com/adani-green-billion-via-share-offering" target="_blank" rel="noopener">raise</a> ₹123 billion (~$1.4 billion) through the sale of shares via qualified institutional placement or permissible methods. The company intends to issue a specific number of equity shares, each having a face value of ₹10 (~$0.12), alongside other eligible securities or a combination thereof. The aggregate amount raised will not exceed ₹123 billion (~$1.4 billion) or an equivalent sum.</p>
<p>In March, U.S.- based equity investment firm GQG Partners <a href="https://www.mercomindia.com/gqg-partners-invests-adani-companies" target="_blank" rel="noopener">closed</a> a major deal involving a series of secondary block trade transactions amounting to ₹154.46 billion (~$1.87 billion) in the Adani Portfolio companies. The investments include ₹54.6 billion (~$663.21 million) in Adani Enterprises for 38.7 million shares at a price of ₹1,410.86 (~$17.14) per share.</p>
<p>In February, Adani Enterprises <a href="https://mercomindia.com/abu-dhabis-ihc-invest-400-million-adanis-share-offer/" target="_blank" rel="noopener">confirmed</a> it would return Abu Dhabi’s International Holding Company’s AED 1.4 billion (~$381 million) investment into its three green energy-focused companies. Adani Enterprises stated that it aims to protect the interests of its investors by returning the follow-on public offering proceeds to all investors and withdrawing the completed transaction due to market volatility and unforeseen circumstances.</p>


Adani Raises $394 Million from Barclays, Deutsche Bank for Solar Manufacturing

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