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Adani Total Gas, Torrent Gas invest in IGX, acquire 5% stake each

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.

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