Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies, a day after the French oil major said it was pausing new investments into the Adani Group over U.

French-based TotalEnergies has announced a suspension of new financial contributions to the Adani Group of companies following the indictment of certain Adani Group’s executives by US authorities. The indictment is linked to an alleged corruption scheme associated with Adani Green Energy Limited (AGEL).

On Monday, French energy major TotalEnergies said until such time as the bribery accusations against the Adani group individuals have been clarified, it will not make any new financial contribution

According to the charge, FBI investigators served Sagar Adani with a search warrant and a grand jury subpoena in March 2023.

Adani Green Energy addressed concerns after TotalEnergies paused new investments following bribery charges against Adani Group's chairman. The company claims no financial impact from the halt. Adani Green shares dropped significantly,

TotalEnergies is one of the biggest foreign investors in Adani's business empire and had previously taken stakes in the group's renewable energy venture AGEL and city gas unit Adani Total Gas Ltd

Adani Green Energy on Tuesday said they have no new financial commitment under discussion with the French oil major TotalEnergies.

TotalEnergies SE said on Monday that it will not make any new financial contribution as part of its investments into the Adani group of companies amid a U.S. federal indictment against the head of the company and his nephew.

Billionaire businessman Gautam Adani led Adani Green Energy Limited (AGEL) on Tuesday clarified that there is no new financial commitment under discussion with TotalEnergies.