ONGC acquires 5% stake in Indian Gas Exchange
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Last Updated: Mar 10, 2021, 08:21 PM IST
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Synopsis
IGX is India's first automated national-level gas exchange for trading in natural gas in the country.
ONGC signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX).
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NEW DELHI: State-owned Oil and Natural Gas Corp (
ONGC) on Wednesday said it has acquired a 5 per cent stake in Indian Gas Exchange (IGX), joining likes of Adani Total Gas, Torrent Gas and GAIL in nation's first gas exchange. The Indian Gas Exchange is a subsidiary of the