Billionaire Gautam Adani’s Adani Group is seeking to raise as much as Rs 33,297.4 crore to help develop manufacturing plants that would produce low-cost green hydrogen, according to people familiar with the matter.
Adani New Industries Ltd., a wholly-owned subsidiary of flagship company Adani Enterprises Ltd., will take the lead raising the money from domestic and international banks and is in early-stage talks with several lenders, the people said, asking not to be identified because the details are private.
Representatives for Adani didn’t respond to a request for comment.
