7 Feb 2020

Adani Group fix 51 Crore Deal With a france company

The business giant Adani Group has now joined hands with France's leading oil company Total Gas and Power Business Services SAS for expansion in the solar energy sector. Actually, the two companies have entered into a binding agreement for the joint venture.

TOTAL has announced to invest $ 51 million for this joint venture. Solar energy portfolio will be expanded to 11 states of the country. However, the deal is expected to be completed before the end of the current financial year. However, this agreement will depend on regulatory approval.

Recently, Adani Enterprises Limited (AEL) has released the results for the quarter ended December 2019. It said that the company's net profit rose four times to Rs 382.98 crore. Adani Group's flagship company achieved a net profit of Rs 80.09 crore in the same quarter a year ago.

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