The IGX is an arm of IEX and first authorised gas exchange in the country. The IGX partnership with the two leading gas players will go a long way in developing India s gas markets, an IEX statement said. The IEX had on Friday announced the first strategic divestment of shares in the IGX. Adani Total Gas Ltd and Torrent GasPvt Ltd, India s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5 per cent equity stake each in the IGX. Speaking on the development, Rajesh K Mediratta, Director, IGX said in the statement, IGX envisions to play a key role in the development of India s gas market which is aligned with the government s vision to increase the share of gas in the energy mix from 6 per cent to 15 per cent by 2030.
Adani Total, Torrent Gas first strategic investors in IGX theuknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theuknews.com Daily Mail and Mail on Sunday newspapers.
Adani Gas, Torrent Gas each buy stake in India Gas Exchange
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IGX, which is India’s first gas exchange, has already traded 75000 mbtu since its launch in June 2020 and has plans to introduce two new hubs in Maharashtra and West Bengal.
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IGX will leverage on the presence of Adani Total Gas and Torrent Gas in the upstream and downstream hydrocarbon value chain.
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MUMBAI: Adani Total Gas and Torrent Gas have acquired 5% stake each in the Indian Gas Exchange (IGX), a subsidiary of Indian Energy Exchange, for a total of Rs 7.38 crore.
IGX, which is India’s first gas exchange, has already traded 75000 mbtu since its launch in June 2020 and has plans to introduce two new hubs in Maharashtra and West Bengal.
Adani Total Gas, Torrent Gas become first strategic investors in IGX ANI | Updated: Jan 22, 2021 12:10 IST
New Delhi [India], January 22 (ANI): Adani Total Gas and Torrent Gas with stakes in both upstream and downstream hydrocarbon value chain have acquired five per cent equity stake each in Indian Gas Exchange (IGX).
India s first authorised gas exchange envisions to play a key role in the development of gas market which is aligned with the government s vision to increase the share of gas in energy mix from 6 to 15 per cent by 2030, said Director Rajesh K Mediratta. In our journey to shape the nascent gas markets, we are delighted to partner with Adani Total Gas and Torrent Gas. We look forward to working in collaboration as IGX braces to play a pioneering role in developing India s gas markets, he said in a statement on Friday.