Billionaire Gautam Adani's company is undeterred in materialising its $50 billion green hydrogen project with or without its French partner, TotalEnergies SE, media reports said.
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TotalEnergies had last year agreed to take a 25% stake in Adani New Industries Ltd (ANIL), which is building the green hydrogen project. The French energy giant in February paused the planned USD 4 billion investment pending an investigation into a US short seller s allegations of accounting and stock manipulation, which Adani denies.
Billionaire Gautam Adani's group is prepared to go ahead alone on the USD 50 billion green hydrogen project after its French partner, TotalEnergies SE, put investment in the venture on hold following allegations of fraud.
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