Indian Oil Corporation: S N Goel, Chairman and Managing Director, IEX and Director, IGX said, "We are delighted to welcome IndianOil as a strategic partner in IGX.
Indian Oil Corporation: Energy exchange IEX and National Stock Exchange (NSE) are promoters of IGX, a gas exchange which has been set up to promote gas trading in the country. GAIL (India) Ltd, ONGC Ltd, Torrent Gas Pvt Ltd and Adani Total Gas Ltd are strategic investors in the natural gas trading platform.
New Delhi, Jan 19: Indian Energy Exchange (IEX) on Wednesday announced divestment of 4.93 per cent of its equity stake in Indian Gas Exchange (IGX) to oil major Indian Oil Corporation. Energy exchange IEX and National Stock Exchange (NSE) are promoters of IGX, a gas exchange which has been set up to promote gas trading in the country. GAIL (India) Ltd, ONGC Ltd, Torrent Gas Pvt Ltd and Adani Total Gas Ltd are strategic investors in the natural gas trading […]
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.