Comments
Adani Enterprises witnessed a surge in shares as its subsidiary, Adani New Industries Ltd (ANIL), successfully raised $394 million through a trade finance facility from Barclays Plc and Deutsche Bank, two foreign banks.
The funding is allocated to meet the working capital requirements of ANIL’s ambitious solar module manufacturing facility. The decision signifies Adani Group’s commitment to establishing a comprehensive ecosystem encompassing large-scale green hydrogen businesses, solar modules, and wind turbine manufacturing.
The company’s share price went up to ₹2,456 at 11.40 a.m. on BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.