TotalEnergies To Supercharge Energy Collaboration In India With $700M Boost To Adani Group: Report
Portfolio Pulse from Nabaparna Bhattacharya
TotalEnergies SE (TTE) is reportedly in talks to invest $700 million in renewable energy projects developed by India-based Adani Green Energy Ltd. This follows previous investments by TotalEnergies in Adani Group companies. The company is also expanding its portfolio with major projects in Iraq, Texas, and Saudi Arabia. TTE shares are trading higher by 0.86% to $66.10 premarket.
September 15, 2023 | 12:48 pm
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TotalEnergies SE is in talks to invest $700M in Adani Green Energy projects, indicating a continued expansion strategy. TTE shares are trading higher.
The news of TotalEnergies' potential investment in Adani Green Energy projects indicates a continued expansion strategy, which is likely to be viewed positively by investors. This, coupled with the company's ongoing major projects in Iraq, Texas, and Saudi Arabia, suggests a strong growth trajectory, which is likely to have a positive impact on the company's stock price in the short term.
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