The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter.
Total SA on Tuesday said it has invested Rs 3,707 crore to set up 50:50 joint venture with Adani Green Energy Ltd (AGEL) through its step-down subsidiary.
The French energy firm had last year picked up a 50 percent stake in the 5 million tonnes per year LNG import terminal that the Adani Group is building at Dhamra in Odisha's Bhadrak district.
The Petroleum and Natural Gas Regulatory Board (PNGRB) had threatened to cancel the 13 city gas distribution licences Adani Gas had won in the 9th bid round in 2018 for allegedly perpetrating a "fraud" by not disclosing material facts of the demerger.
The Rs 5,700-crore agreement is one of the largest foreign direct investment deals in the Indian city gas distribution sector.
The deal will allow the parties to start activities related to so-called Front End Engineering and Design (FEED) such as contractor selection for Papua LNG, which is led by Total, with Exxon and Oil Search as minority partners.
Shell had in August 2018 announced plans to buy Total's stake in Hazira LNG and Port venture which comprises of two companies - Hazira LNG that operates an LNG regasification terminal in Gujarat and Hazira Port, which manages a direct berthing multi-cargo port at Hazira.
Total Chairman and CEO Patrick Pouyanne said the French company is "very interested" in investing in downstream sectors in India.
Reliance Industries today said it has completed sale of its entire 76 percent interest in its East African company GAPCO to Total SA of France for an undisclosed sum.
State-owned Hindustan Petroleum Corp Ltd (HPCL) is in talks with BP Plc and Total SA of France to revive the stalled USD 10 billion refinery-cum- petrochemicals project at Vizag in Andhra Pradesh.