Adani Total Gas has signed Share Purchase Agreement on January 21, 2021 for acquisition of 5% Stake i.e. 36,93,750 Equity Shares of Rs 10 each of Indian Gas Exchange from Indian Energy Exchange. The cost of acquisition is Rs 3,69,37,500.
The company is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.