Adani New Industries secures $394m trade finance facility from Barclays, Deutsche Bank

Adani New Industries Limited (ANIL) has successfully raised a trade finance facility of $394 million (INR 3,231 Cr) from Barclays PLC and Deutsche Bank AG. This significant financial boost will bolster the working capital requirements for ANIL’s integrated solar module manufacturing facility.

As a wholly-owned subsidiary of Adani Enterprises Ltd, Adani New Industries is steering the course towards creating one of the largest integrated green hydrogen businesses in the world. This ecosystem encompasses not only solar module production but also wind turbine manufacturing.

This trade finance facility provided by the banking giants – Barclays and Deutsche Bank, is a step further in underlining the global financial sector’s confidence in Adani’s green energy ventures. It will likely accelerate the development of Adani New Industries’ integrated green hydrogen business, positioning the company at the forefront of the renewable energy industry.