{"id":88972,"date":"2023-02-08T17:34:00","date_gmt":"2023-02-08T12:04:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=88972"},"modified":"2023-02-08T17:32:01","modified_gmt":"2023-02-08T12:02:01","slug":"biz-adani-hydrogen-on-hold","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-adani-hydrogen-on-hold\/","title":{"rendered":"France&#8217;s Total puts hydrogen partnership with Adani on hold for now"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1386923868\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>France&#8217;s TotalEnergies, one of the largest foreign investors in billionare Gautam Adani&#8217;s business empire, said it has put on hold participation in Indian conglomerate&#8217;s USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2284870823\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>While the partnership with Adani group was announced in June last year, TotalEnergies has not yet signed a contract, the French group&#8217;s chief executive Patrick Pouyanne said at earnings call.<\/p><p>As per the June 2022 announcement, TotalEnergies was to take 25 per cent equity in Adani New Industries Ltd (ANIL) &#8211; the Adani Group firm that is investing USD 50 billion over 10 years in green hydrogen ecosystem that includes an initial production capacity of 1 million tonnes before 2030.<\/p><p>&#8220;Obviously, the hydrogen project will be put on hold until we have clarity,&#8221; Pouyanne said.<\/p><div class=\"trade-content_5\" id=\"trade-2318069332\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>TotalEnergies, which has an exposure of USD 3.1 billion in Adani group, will wait for the result of an audit launched by the conglomerate in response to allegations of accounting and financial fraud levelled by Hindenburg Research.<\/p><p>Adani group has vehemently denied the allegations, calling them malicious and an &#8220;attack on India&#8221;.<\/p><p>&#8220;It was announced, nothing was signed. It doesn&#8217;t exist,&#8221; Pouyanne said, referring to the hydrogen venture. &#8220;Mr Adani has other things to deal with now, it&#8217;s just good sense to pause things while the audit goes forward.&#8221; PTI ANZ MR MR<\/p><div class=\"trade-after-content\" id=\"trade-1867520752\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>France&#8217;s TotalEnergies, one of the largest foreign investors in billionare Gautam Adani&#8217;s business empire, said it has put on hold participation in Indian conglomerate&#8217;s USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller. While the partnership with Adani group was announced in June last year, TotalEnergies has [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-88972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>France&#039;s Total puts hydrogen partnership with Adani on hold for now - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"France&#039;s TotalEnergies, one of the largest foreign investors in billionare Gautam Adani&#039;s business empire, said it has put on hold participation in Indian conglomerate&#039;s USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-adani-hydrogen-on-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"France&#039;s Total puts hydrogen partnership with Adani on hold for now\" \/>\n<meta property=\"og:description\" content=\"France&#039;s TotalEnergies, one of the largest foreign investors in billionare Gautam Adani&#039;s business empire, said it has put on hold participation in Indian conglomerate&#039;s USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-adani-hydrogen-on-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-08T12:04:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Adani-Building-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Adani-Building-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-adani-hydrogen-on-hold\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-adani-hydrogen-on-hold\/\",\"name\":\"France's Total puts hydrogen partnership with Adani on hold for now - 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