FILE PHOTO: The logo of French oil and gas company Total is seen at a petrol station in Neuville Saint Remy, France, October 1, 2020. REUTERS/Pascal Rossignol/File Photo
Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL. Total and Adani had earlier struck a partnership deal back in 2018 in the liquefied natural gas sector. Adani Green Energy has a market capitalisation of about 1.483 trillion Indian rupees , and a 20% stake in the company would be worth about $4.1 billion based on current market prices.
“Given the size of the market, India is the right place to put into action our energy transition strategy based on two pillars: renewables and natural gas,” he added.
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