On Wednesday, the shares of Adani Green Energy gained 5 per cent after total SA said the investment amount is Rs 3,707 crore in solar energy joint venture with the domestic firm. The scrip jumped 4.90 per cent to Rs 166.80 on the BSE. On the NSE, it gained 4.97 per cent to Rs 166.85.
Total SA on Tuesday said it has invested Rs 3,707 crore to set up 50:50 joint venture with Adani Green Energy Ltd (AGEL) through its step-down subsidiary. The closing transaction in the current environment reinforces the strength of the relationship between the partners and further underscores robust climate commitment of both the partners, it stated. Last Year, the French energy firm picked up a 50 per cent stake in 5 million tonnes per year LNG import terminal that the Adani Group is building at Dhamra in Odisha’s Bhadrak district.