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The Times of India
The Times of India
Business
Sanjay Dutta | TNN

Total to take 25% in Adani’s $50 billion green hydrogen game

Total Hydrogen Gautam Adani ANIL TotalEnergies India Ahmedabad New Delhi

NEW DELHI: French energy major TotalEnergies will acquire a 25% stake in Adani New Industries Ltd. (ANIL), the Ahmedabad-based edible oils-to infrastructure and energy conglomerate’s new energy venture that aims to “valorise” India’s abundant low-cost renewable power potential” by investing $50 billion over 10 years to create the world’s largest green hydrogen ecosystem.

TotalEnergies will acquire the minority interest in ANIL from Adani Enterprises Ltd (AEL), a joint statement by the companies said on Tuesday. In the initial phase, ANIL will develop green hydrogen production capacity of one million tonne per annum before 2030.

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