Debt financing

Adani Group renewal energy unit raises $394-M from Barclays, Deutsche Bank


Ahmedabad-based Adani New Industries Ltd (ANIL), a wholly-owned subsidiary of publicly listed Adani Enterprises, has raised USD 394 million (INR 3,231 crore) from Barclays PLC and Deutsche Bank AG. The funds will be used for the working capital requirements of the firm's integrated solar module manufacturing facility. ANIL is building an ecosystem for integrated green hydrogen businesses, including solar modules and wind turbine manufacturing.

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