Adani Seeking to Raise $4 Billion to Fund Green Hydrogen Plans
- Adani New Industries will take lead raising the fresh capital
- Group plans $20 billion renewables spend over next decade
The Adani Group headquarters in Ahmedabad, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Billionaire Gautam Adani’s Adani Group is seeking to raise as much as $4 billion to help develop manufacturing plants that would produce low-cost green hydrogen, according to people familiar with the matter.
Adani New Industries Ltd., a wholly owned subsidiary of flagship company Adani Enterprises Ltd., will take the lead raising the money from domestic and international banks and is in early-stage talks with several lenders, the people said, asking not to be identified because the details are private.