Adani Gas signs agreement to acquire CGD network in Ludhiana, Jalandhar, Kutch (East)
Adani Gas Limited has signed a definitive agreement for the acquisition of three geographical areas (GAs), namely Ludhiana, Jalandhar and Kutch (East). With this, Adani Gas tally of geographical areas shall now increase to 22.
Ludhiana, Jalandhar and Kutch (East) have high volumes potential in terms of demand of more than 6.5 MMSCMD over a period of 10 years. These GAs are under phase 1 of Bharat Mala Pariyojana by the National Highways Authority of India (NHAI), which will further boost the development and volume growth.
A statement said that the three GAs shall offer early monetisation opportunity to AGL.
