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Adani Group enters into strategic collaboration with Italy-based Snam

07 Nov 2020 Evaluate

Adani Group has entered into strategic collaboration with Italy-based Snam, Europe’s leading gas infrastructure company. The collaboration would envisage exploration of the hydrogen value chain in India and global markets, as well as the development of biogas, biomethane, and low-carbon mobility.

As part of the strategic partnership, Adani Group and Snam intend to explore several opportunities in the energy space where each group brings complementary capabilities to the table.

Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.

Peers
Company Name CMP
GAIL (India) 170.50
Gujarat Energy 243.45
Indraprastha Gas 150.15
Mahanagar Gas 1072.65
Adani Total Gas 579.95
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