- TotalEnergies paused new investments in Adani Group after U.S. bribery allegations against some Adani executives.
- The French firm, holding stakes in Adani Green Energy, cited its strict anti-corruption policies.
- Adani maintains strong liquidity and insists on its ability to manage debt and ensure growth.
French energy giant TotalEnergies has decided to halt new investments in Adani Group companies due to bribery allegations involving certain Adani executives. Although the accusations do not directly involve Adani Green Energy (AGEL), where TotalEnergies holds a 19.75% stake, the company cited its commitment to anti-corruption policies and said it will protect its interests.
Adani Group, with a total debt of ₹2.58 lakh crore, reassured investors of its financial stability, highlighting ₹53,024 crore in cash reserves and sustainable debt servicing. Despite the pause in new funding, Adani’s long-term contracts covering 70% of its earnings provide growth visibility amid the ongoing scrutiny.
