Adani Green Energy , the Indian renewable energy company, may see a change in its ownership structure as TotalEnergies, the French energy giant, considers selling its stake. The CEO of TotalEnergies has expressed openness to this potential divestment, describing the company's position in Adani Green Energy as a profitable investment.

Potential Divestment on the Horizon

TotalEnergies' stake in Adani Green Energy has been a topic of interest, particularly given the recent scrutiny faced by the Adani Group. The French company's willingness to consider selling its share in the Indian renewable energy firm marks a significant development in their investment strategy.

Profitable Investment

The CEO's characterization of the stake as a "profitable investment" suggests that TotalEnergies has benefited from its association with Adani Green Energy. This statement could indicate that if a sale were to occur, TotalEnergies might be in a position to realize substantial gains from the investment.

Strategic Considerations

The potential sale consideration raises questions about TotalEnergies' long-term strategy in the renewable energy sector, particularly in emerging markets like India. It may reflect a broader reassessment of the company's global portfolio and investment priorities.

Market Implications

For Adani Green Energy, the news of a potential stake sale by a major international partner could have various implications. It might impact investor sentiment and potentially influence the company's stock performance in the short term.

As this situation develops, stakeholders will be keenly watching for any official announcements from either TotalEnergies or Adani Green Energy regarding the potential transaction and its terms.

Note: This article is based on statements made by TotalEnergies' CEO and does not reflect any finalized decisions or agreements between the parties involved.

Gautam Adani, Chairman of Adani Green Energy Limited , has issued a letter to shareholders, addressing the company's journey since the Hindenburg report and recent SEBI clearance. The letter reflects on the challenges faced and the company's subsequent growth.

Regulatory Clearance and Resilience

Adani emphasized the significance of SEBI's recent dismissal of allegations against the Adani Group, stating, "With SEBI's clear and final word, truth has prevailed or like we had always said सत्यमेव जयते (truth alone will prevail)." He described the period following the Hindenburg report as a test of the company's resilience and governance.

Strong Financial Performance

Despite the challenges, Adani Green Energy reported robust financial growth:

The company achieved a two-year CAGR of 25% in portfolio EBITDA and added nearly ₹2 lakh crores to its Gross Block.

Key Project Achievements

Adani highlighted several transformative projects completed during this period:

• Commissioning of India's first container transshipment port at Vizhinjam
• Addition of 6 GW of renewable capacity, including the Khavda project, touted as the world's largest single-location renewable project
• Commissioning of the world's largest copper smelter and metallurgical complex
• Expansion of energy infrastructure with 7,000 circuit kms of transmission lines and 4 GW of thermal capacity

Future Commitments

Looking ahead, Adani outlined three key commitments:

1. Strengthening governance standards to inspire confidence across markets and regulators
2. Accelerating innovation and sustainability, aiming to set global benchmarks
3. Doubling down on nation-building through infrastructure investments to power India's long-term growth

Closing Remarks

Adani concluded his letter with a quote from Shri Sohan Lal Dwivedi, emphasizing resilience and determination: "The boat that fears the waves can never reach the shore, But those who keep on trying will win forevermore...."

The Chairman expressed gratitude to shareholders, lenders, suppliers, and partners for their support during challenging times, reaffirming the company's commitment to building a brighter future for India and the world.