Total invests $300 million in Adani Green
Hindustan Times|September 21, 2023
Adani Green Energy Ltd, which is planning to raise $1.5 billion, may secure a big chunk of it from French energy giant Total Energies SE, two people aware of the matter said. The Gautam Adani-led group's renewables firm will use $750 million of this amount to repay bonds.
Anirudh Laskar & Mayur Bhalerao
Total invests $300 million in Adani Green

"Adani Green has got an approval to raise $1.5 billion this fiscal for capex and debt repayment. Of this, a major amount will come from TotalEnergies, which owns 20% in Adani Green," said the first person.

TotalEnergies on Wednesday invested $300 million to create an equal joint venture, named Adani Green Energy Twenty Three Ltd.

"Of the remaining $1.2 billion too, a major investment will come from Total. Of the total amount, around $750 million will be used to repay the 4.375% coupon dollar bonds maturing in September 2024. Rest of the amount will be used to ramp up renewable capacities. TotalEnergies has invested $2.8 billion in Adani Green, which is the largest investment in a single group in the renewables space in India by Total," said the first person.

هذه القصة مأخوذة من طبعة September 21, 2023 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 21, 2023 من Hindustan Times.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من HINDUSTAN TIMES مشاهدة الكل
Palestinian PM Resigns Citing 'New Reality' Of War In Gaza
Hindustan Times

Palestinian PM Resigns Citing 'New Reality' Of War In Gaza

The United States and other powers have called for a reformed Palestinian Authority to take charge of all Palestinian territories after the end of war

time-read
1 min  |
February 27, 2024
Future Perfect: The Kids Are All Right
Hindustan Times

Future Perfect: The Kids Are All Right

Gill and Jurel hold out promise by simplifying a challenging chase to help India seal series

time-read
4 mins  |
February 27, 2024
Akshay feels 'blessed' to have worked with OG Ramayan cast
Hindustan Times

Akshay feels 'blessed' to have worked with OG Ramayan cast

Director Akshay K Agarwal shot a music video, Humare Ram Aaye Hai, with the cast of the 1987 TV show, Ramayanactors Arun Govil, Dipika Chikhlia and Sunil Lahri - in Ayodhya recently.

time-read
1 min  |
January 22, 2024
Musk's firm gets nod for Sat Net; joins Jio, Bharti
Hindustan Times

Musk's firm gets nod for Sat Net; joins Jio, Bharti

Starlink, owned by billionaire Elon Musk, has been allowed to offer satellite broadband services in India, two officials aware of the development said.

time-read
2 mins  |
January 22, 2024
A temple, 169 years in the making
Hindustan Times

A temple, 169 years in the making

Through decades of design and reworks, hurdles in engineering and construction, HT pieces together how the grandeur of the Ram Temple was reclaimed

time-read
8 mins  |
January 22, 2024
'Political interference' forces Vihari to quit Andhra cricket
Hindustan Times

'Political interference' forces Vihari to quit Andhra cricket

After Andhra bowed out of the Ranji Trophy at the quarter-final stage with a four-run defeat to Madhya Pradesh in Indore on Monday, senior batter Hanuma Vihari launched a scathing attack on the Andhra Cricket Association (ACA), saying he will never turn up for the state again.

time-read
2 mins  |
February 27, 2024
Shafali, Kapp lead Capitals to a 9-wicket win over Warriorz
Hindustan Times

Shafali, Kapp lead Capitals to a 9-wicket win over Warriorz

A blazing fifty by Shafali Verma (64₹, 43 balls) helped Delhi Capitals make a mockery of a target of 120 and open their account in the second edition of the Women's Premier League (WPL).

time-read
2 mins  |
February 27, 2024
Making 'unbelievable things believable', the Ayhika way
Hindustan Times

Making 'unbelievable things believable', the Ayhika way

The India No. 7 was an inspired pick for the world team event and she repaid the faith, beating the Chinese world No.1

time-read
3 mins  |
February 27, 2024
'Connected TVs to reach 45 mn by 2024-end in India'
Hindustan Times

'Connected TVs to reach 45 mn by 2024-end in India'

With improvement in broadband penetration, Indian households are increasingly opting for connected or addressable TVs.

time-read
1 min  |
February 27, 2024
India chip strategy makes progress as $21 billion in proposals received
Hindustan Times

India chip strategy makes progress as $21 billion in proposals received

The Indian government, after years of watching from the sidelines of the chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two.

time-read
1 min  |
February 27, 2024