Adani New Industries (ANIL), the green energy components manufacturing arm of Adani Enterprises (AEL), is setting up facilities for the production of solar glass, aluminum frames and backplates – key components for the existing production of solar cells and modules. French energy giant TotalEnergies has a 25 percent equity stake in ANIL, with AEL being the majority shareholder.
Senior executives said the plan revolves around building its own supply chain to support the solar cell and module production line. ANIL currently produces polysilicon wafers, blocks, cells and modules, creating an end-to-end system for the equipment needed in the solar energy sector.