Adani Enterprises is seeking to raise $4 billion from domestic and international banks through its subsidiary, Adani New Industries Limited, for ambitious green hydrogen projects. This independent fundraising effort is separate from the joint venture with TotalEnergies. The capital will be allocated to projects like a 1 million metric tons per annum green hydrogen facility in Gujarat, scheduled for production in 2027. Despite recent corporate fraud allegations impacting Adani’s financial markets standing, the conglomerate remains committed to renewable energy. The move reflects Adani’s strategic shift, with a significant portion of future investments directed towards green power infrastructure amid rising global demand for green hydrogen.