Adani Group seeking to raise $4 billion to fund green hydrogen plans

The Adani Group is planning to raise around $4 billion to develop plants for producing low-cost green hydrogen. Adani New Industries Limited, a wholly owned subsidiary of Adani Enterprises Limited, will take the lead, raising the money from domestic and international banks. It is in early-stage talks with various lenders. The move is in line with the government’s vision of establishing India’s position as a leader in the transition toward cleaner technology.