Adani New Industries Ltd (ANIL), arm of Adani Enterprises, has reported a total income of INR 7,634 crore in the first six months of FY 2024-25, a stellar 99% increase compared to INR 3,837 crore in the same period of the previous fiscal. Profit before tax is 192% up year-on-year to INR 2,341 crore.
ANIL is building one of India’s most comprehensive and state-of-the-art renewable energy manufacturing ecosystem across wind, solar, electrolyzer and allied equipment at Mundra, Gujarat, for generating low-cost green hydrogen.
ANIL now has 4 GW of solar cell-module manufacturing capacity (2 GW mono PERC and 2 GW TOPCon), and 2 GW of ingot-wafer capacity operational. Its solar module sales in H1 FY 2025 hit 2,380 MW (1,082 MW domestic and 1,298 MW export), 91% up YoY. Exports increased by 64% and domestic sale increased by 139% on Y-o-Y basis.
Among key H1 FY 2025 highlights, ANIL received a Letter of Award from SECI for 101.5 MW per year electrolyser manufacturing facility under SIGHT scheme, taking the cumulative capacity awarded under the scheme to 300 MW per year. Its wind turbine generator (WTG) business crossed 300th blade production milestone during this quarter.
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