Adani Total Gas cuts prices of CNG and PNG
The company stated that the recent move by the government has helped the City Gas Distribution (CGD) industries to moderate prices of CNG and home PNG to customers.
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The company stated that the recent move by the government has helped the City Gas Distribution (CGD) industries to moderate prices of CNG and home PNG to customers.
With this acquisition, the sum total of geographical areas under Adani will reach 22.
Adani Total Gas, the joint venture between Adani Gas Ltd. and a French company, Total Gas Ltd will raise $400 million through the sale of bonds to foreign investors to meet the capital expenditure.
A joint-venture by India’s Adani Gas and France’s Total will soon seek government permission to open retail fuel stations in India. Total bought a 37.4% stake in billionaire Gautam Adani-promoted Adani Gas last year to capitalise on India’s push for cleaner sources of energy.