Money & Finance
POSTED BY: Ranjeet Kumar PUBLISHED: Jun 25, 22
In order to jointly develop the largest green hydrogen ecosystem in the world, Adani Enterprises and French energy supermajor TotalEnergies have formed a new cooperation
Adani Enterprises will sell a 25% minority stake in Adani New Industries (ANIL) to TotalEnergies as part of this strategic relationship (AEL).
The new alliance, which is focused on green hydrogen, is anticipated to completely alter the global and Indian energy landscapes.
The collaborative energy platform further solidifies the businesses' previous public ESG commitments.
Adani and TotalEnergies are both leaders in the adoption of renewable energy and the energy transformation.
Adani Enterprises works in electricity production and transmission, gas distribution, ports, multimodal logistics, coal trading, coal mining, oil and gas exploration, and ports.
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