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Adani Total Gas, INOX India enter into mutual support agreement

06 Feb 2024 Evaluate

Adani Total Gas (ATGL) and INOX India (INOXCVA) have entered into a mutual support agreement, under which ATGL and INOXCVA shall mutually accord a ‘preferred partner’ status for the delivery of LNG and LCNG equipment and services for identifying and exploring possible collaboration opportunities for strengthening the LNG ecosystem in the country. As preferred partners, ATGL will have certain inherent project level benefits which includes preferential treatment to ATGL and access to advanced scheduling, and consideration for collaborative opportunities for establishing LNG/L-CNG stations, LNG satellite stations, transitioning to LNG as a transport fuel, LNG logistics, as well as developing small scale liquid hydrogen solutions for the industry. 

The mutual support agreement covers role and obligations on either side so as to leverage expertise of both the Parties to develop the LNG Infrastructure including small scale LNG plants, LNG stations, bringing economy of scale for conversion of heavy vehicles on LNG, developing best practices towards HSE, fuel efficiency, high quality conversion and services.

Adani Total Gas 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.

Adani Total Gas Share Price

633.70 -10.50 (-1.63%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 166.50
Gujarat Gas 396.55
Indraprastha Gas 166.25
Mahanagar Gas 1171.95
Adani Total Gas 633.70
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