Total Energies puts H2 ties with Adani on hold

France’s TotalEnergies, one of the largest foreign investors in billionare Gautam Adani’s business empire, said it has put on hold participation in Indian conglomerate’s $50 billion hydrogen project pending results of an audit launched following allegations by a US short-seller.

TotalEnergies has not yet signed a contract, the French group’s chief executive Patrick Pouyanne said at earnings call.