TotalEnergies' equity in Adani Green Energy is worth four times what it paid less than two years ago, and the value of its stake in a gas joint venture has shot up thirtyfold. While Total partnered with tycoon Gautam Adani's companies in India, BP teamed up with rival billionaire businessman Mukesh Ambani but has not seen great results. Some analysts warn that Adani Group is drastically overleveraged, and Total boss Patrick Pouyanne says he is prudent over sky-high market valuations. Save for later Print Download Share LinkedIn Twitter The Issue
