Total SE buys 20% stake in Adani Green

20 Jan 2021 Editorial Team

French energy company Total SE has acquired a 20% stake in Adani Green Energy (AGEL) by buying shares held by the Gautam Adani-led promoter group, the Indian conglomerate said recently.

Prior to this, Total SE acquired a 50% stake in a joint venture with AGEL that had a portfolio of 2.35 GW of solar power assets. Adani said that Total SE's overall investment in the stake in the joint venture earlier and in Adani Green now stands at $2.5 billion.

Commenting on Total SE's investment in Adani Green, Adani Group Chairman Gautam Adani, said that both the energy companies have a shared vision of developing renewable power at affordable prices to enable a sustainable energy transformation in India.

Total SE has invested in other Adani Group entities as well. The company owns 50% stake in the Dhamra LNG project and 37.4% stake in Adani Gas.

AGEL aims to have a renewable energy capacity of 25 GW by 2025 through organic and inorganic growth. The company has a portfolio of 14,795 MW right now, which includes an operational capacity of 2,950 MW and projects at different phases of execution.

Image Source

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..