TotalEnergies is a major shareholder in Adani Green Energy and partners with the Adani Group in city gas distribution and LNG terminals. It also sells LPG and lubricants in India and stores LPG at Visakhapatnam through a joint venture with Hindustan Petroleum.
Ownership and structure
TotalEnergies holds its main Indian interests as minority stakes and joint ventures with the Adani Group, including nearly 19 percent of Adani Green Energy and 37.4 percent of Adani Total Gas. It also runs its own lubricants and LPG businesses in India.
What India does for TotalEnergies
India hosts a large TotalEnergies investment portfolio in renewables, city gas and LNG through Adani partnerships, alongside its own lubricants plant near Mumbai and LPG sales.
Investment and deals
TotalEnergies paid Rs 5,152 crore for 37.4 percent of Adani Gas in 2020 and about US$2.5 billion for 20 percent of Adani Green Energy in January 2021.
TotalEnergies's India business
TotalEnergies has operated in India since 1993. It bought a 20 percent stake in Adani Green Energy in January 2021 for about US$2.5 billion and held nearly 19 percent in late 2025.
TotalEnergies and Adani each hold 37.4 percent of a city gas distribution and LNG infrastructure platform. It runs a joint venture with Adani Green that manages a 1,150 MW solar portfolio.
The company employs more than 1,000 people in India.
Key moves in India
- 1993: TotalEnergies began operating in India.
- 2019: In October 2019 Total and Adani signed definitive agreements for a gas partnership in India.
- 2020: Total completed the purchase of a 37.4 percent stake in Adani Gas for Rs 5,152 crore in February 2020.
- 2020: In April 2020 Total bought 50 percent of a solar joint venture with Adani Green Energy for Rs 3,707 crore.
- 2021: Total acquired a 20 percent stake in Adani Green Energy for about US$2.5 billion in January 2021.
- 2024: TotalEnergies and Adani Green formed a joint venture for a 1,150 MW solar portfolio, with TotalEnergies committing US$444 million.
Where it operates
TotalEnergies has a presence in Mumbai and Visakhapatnam.
At a glance
- Home country: France
- Global headquarters: Paris
- Sector: Infrastructure & Data Centres
- Business: Renewable energy and gas
- Role of India: Investment portfolio, Sales market, Manufacturing base
- India offices: Mumbai, Visakhapatnam
- India headcount: Not available
- In India since: 1993
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