TotalEnergies to acquire 25 per cent minority stake in Adani New Industries

TotalEnergies will acquire a 25 per cent minority interest from Adani Enterprises Limited (AEL) in Adani New Industries Limited.

The partnership, centered on green hydrogen, is expected to transform the energy landscape both in India and globally, and further strengthen the environmental, social, and governance commitments made by both the companies. Adani New Industries aims to invest over $50 billion over the next 10 years in green hydrogen and associated ecosystem. In the initial phase, Adani New Industries will develop green hydrogen production capacity of 1 million tonne per annum before 2030.

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