Adani Enterprises jumps 4% on pact with TotalEnergies for green hydrogen

TotalEnergies to acquire 25 per cent minority interest in Adani New Industries from Adani Enterprises.

Shares of Adani Enterprises (AEL) jumped 4 per cent to Rs 2,157 on the BSE in Tuesday’s trade after Adani and TotalEnergies of France entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem.

In this strategic alliance, TotalEnergies will acquire 25 per cent minority interest in Adani New Industries (ANIL) from AEL. ANIL’s ambition is to invest over $50 billion over the next 10 years in green hydrogen and associated ecosystem. This is India’s largest commitment to green hydrogen by a company. In the initial phase, ANIL will develop green hydrogen production capacity of