France’s TotalEnergies has put on hold a planned investment in Adani Group’s USD 50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller, chief executive Patrick Pouyanné said on Wednesday.
While the partnership where the French oil giant was to take a 25 per cent stake in the hydrogen venture of the Adani group was announced in June last year, TotalEnergies has not yet signed a contract, he said at an earnings call. “Obviously, the hydrogen project will be put on hold until we have clarity” from Adani group on the allegation levelled by US short-seller Hindenburg Research, Pouyanne said.
