Total Energies to acquire a 25% stake in ANIL

18 Jun 2022 CW Team

Total Energies to acquire a 25% stake in Adani New Industries Limited (ANIL), a new energy venture of the edible oils (Ahmedabad-based) infrastructure and energy conglomerate.

ANIL is aiming to valorise the abundant low-cost renewable power potential in the country by investing $ 50 billion in the next 10 years to create the largest green hydrogen ecosystem in the world.

On Tuesday a joint statement by the companies stated that TotalEnergies would acquire a minority interest in ANIL from the Adani Enterprises. In the initial phase, ANIL would develop a green hydrogen production capacity of 1 million tonne annually before 2030.

While addressing the JP Morgan India Investor Summit, Adani Group chairman Gautam Adani first outlined the green hydrogen plan having an investment of $ 20 billion along with a target of producing the world’s cheapest green electron.

Total Energies and Adani commenced their tango in 2018 when Total acquired a stake in Adani Gas, associated LNG terminal, city gas distribution, and gas marketing businesses. It now has a 37. 4% stake in Adani Gas and 50% stake in the Dhamra LNG project. It further has a 20% stake in Adani Green Energy, which is the group’s renewable energy arm.

ANIL targets to be the largest fully integrated green hydrogen player globally, with its presence across the entire value chain.

Image Source

Also read: SECI to install 25 kW green hydrogen-based pilot project in Leh

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..