Daily news roundup: Mecwin and KVG Bank partner on solar pump finance, Adani’s new energy arm


Bengaluru-based Mecwin Technologies Ltd has joined hands with Karnataka Vikas Grameena Bank (KVGB), an Indian Regional Rural Bank sponsored by Canara Bank, to offer finance facility for farmers willing to switch to solar-powered pump-sets. Mecwin Technologies manufactures DC motors, MPPT drives and remote monitoring systems for solar pumps.

Adani forms new energy arm 

Adani Enterprises Limited has informed the stock exchange about formation of a wholly owned subsidiary, Adani New Industries Limited (ANIL), to undertake new energy business. ANIL will be engaged in developing and operating projects for the synthesis of low-carbon fuels and chemicals, generation of low-carbon electricity and the manufacture of key components/material for such projects. This includes production of green hydrogen and related downstream products, electricity generation, manufacture of wind turbines, solar modules, batteries, electrolyzers and associated upstream products as well as ancillary industries.


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