Adani Gas, Torrent Gas each buy stake in India Gas Exchange
MUMBAI: Adani Total Gas and Torrent Gas have acquired 5% stake each in the Indian Gas Exchange (IGX), a subsidiary of Indian Energy Exchange, for a total of Rs 7.38 crore.
IGX, which is India’s first gas exchange, has already traded 75000 mbtu since its launch in June 2020 and has plans to introduce two new hubs in Maharashtra and West Bengal.
“IGX envisions to play a key role in the development of India’s gas market which is aligned with the government’s vision to increase the share of gas in the energy mix from 6% to 15% by 2030,” said Rajesh K Mediratta, director, IGX.
