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

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..