Adani Total Gas, Torrent Gas become first strategic investors in IGX

Adani Total Gas and Torrent Gas — with stakes in both upstream and downstream hydrocarbon value chain — have acquired five percent equity stake each in Indian Gas Exchange (IGX).

India’s first authorised gas exchange envisions to play a key role in the development of gas market which is aligned with the government’s vision to increase the share of gas in energy mix from 6 to 15% by 2030, said Director Rajesh K Mediratta.

“In our journey to shape the nascent gas markets, we are delighted to partner with Adani Total Gas and Torrent Gas. We look forward to working in collaboration as IGX braces to play a pioneering role in developing India’s gas markets,” he said in a statement on Friday.