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Informist, Monday, Aug. 4, 2025

--Adani Ent: Not exploring collaboration with BYD for battery mfg in India 

--Adani Ent: Not in talks with Beijing Welion for partnership of any kind 

NEW DELHI – Gautam Adani-led ports-to-cement conglomerate Adani Enterprises Ltd. Monday "categorically" denied claims made by a media report that it was in talks with China-based automotive giant BYD and Beijing Welion New Energy Technology, and termed it baseless, inaccurate, and misleading. "The Adani Group is not exploring any form of collaboration with BYD for battery manufacturing in India. Similarly, we are not engaged in any discussions with Beijing Welion New Energy Technology for a partnership of any kind," Adani Enterprises said in an exchange filing.

A Bloomberg report claimed that Adani was personally leading talks with BYD executives amid its push into cleaner energy. A potential tie-up would have explored the possibility of manufacturing batteries in India, the report claimed. Amid increased energy needs, Adani Enterprises has stepped up its green energy initiatives through its subsidiaries operating in the solar, wind, and hydrogen sectors in recent years. The company has set a target of procuring 50% of its electricity consumption needs through renewable sources by 2030, up from 24% currently. 

Its subsidiaries are already involved in the green energy-led automotive business. The company has invested in green hydrogen technology to develop Asia's first hydrogen fuel cell electric truck. "Committed to investing USD 100 billion over the next decade for green transition," Adani Enterprises said in its annual report for the previous financial year.
 

The company deployed India's first hydrogen-powered truck for mining logistics in May, through its subsidiaries Adani Natural Resources and Adani New Industries Ltd. The latter is also involved in battery manufacturing.

For the June quarter, Adani Enterprises reported a consolidated net profit of INR 7.34 billion on revenues of INR 219.61 billion. At 1258 IST, shares of the company traded at INR 2368.80, up 0.8%.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Anand JC

Edited by Akul Nishant Akhoury

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