Total to acquire 20 % stake in Adani Green Energy
French oil company Total buys stake at Adani Gas. Photo: Reuters
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The Adani Group said on Monday that France-based Total will acquire 20% minority interest in Adani Green Energy Ltd (AGEL).
The investment in AGEL is another step in the strategic alliance between Adani Group and Total across various businesses and companies of the Adani Group, covering investments in liquefied natural gas (LNG) terminals, gas utility business, and renewable assets across India.
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Total to acquire 20 pc stake in Adani Green Energy ANI | Updated: Jan 18, 2021 11:11 IST
Ahmedabad (Gujarat) [India], January 18 (ANI): The Adani Group said on Monday that France-based Total will acquire 20 per cent minority interest in Adani Green Energy Ltd (AGEL).
The investment in AGEL is another step in the strategic alliance between Adani Group and Total across various businesses and companies of the Adani Group, covering investments in LNG terminals, gas utility business and renewable assets across India. This is in-line with the commitment of both Adani and Total to be leading participants in the sustainable economy of future and help India in its quest for development of renewable energy, said an official statement issued by the Adani Group.
In 2018, TOTAL and Adani embarked on the energy partnership with investment by TOTAL in Adani Gas Ltd, city gas distribution business, associated LNG terminal business and gas marketing business.
India Business News: French oil and gas major Total SE is to acquire a 20% stake in Adani Green Energy Ltd (AGEL), the renewables arm of the Ahmedabad-based diversified Ad
France s Total to invest $2 5bn in India s Adani Green Energy icis.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from icis.com Daily Mail and Mail on Sunday newspapers.