Adani Green Energy shares jump 5% after Total SA invests Rs 3,707 cr in solar energy JV with company

Shares of Adani Green Energy gained 5 percent on Wednesday after Total SA said it has invested Rs 3,707 crore in a solar energy joint venture with the domestic firm

Press Trust of India April 08, 2020 12:19:53 IST
Adani Green Energy shares jump 5% after Total SA invests Rs 3,707 cr in solar energy JV with company

New Delhi: Shares of Adani Green Energy gained 5 percent on Wednesday after Total SA said it has invested Rs 3,707 crore in a solar energy joint venture with the domestic firm.

The scrip jumped 4.90 percent to Rs 166.80 on the BSE.

On the NSE, it gained 4.97 percent to Rs 166.85.

Adani Green Energy shares jump 5 after Total SA invests Rs 3707 cr in solar energy JV with company

Stock brokers. Representational image. Reuters.

Total SA on Tuesday said it has invested Rs 3,707 crore to set up 50:50 joint venture with Adani Green Energy Ltd (AGEL) through its step-down subsidiary.

The closing of the transaction in the current environment reinforces the strength of the relationship between the partners and further underscores the robust climate commitment of both partners, it stated.

The French energy firm had last year picked up a 50 percent stake in the 5 million tonnes per year LNG import terminal that the Adani Group is building at Dhamra in Odisha's Bhadrak district.

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