GAIL acquires 5% stake in IGX to become third strategic investor
GAIL (India) Limited has acquired 5 per cent stake in the Indian Gas Exchange (IGX). The Maharatna Public Sector Undertaking has bought this stake from the Indian Energy Exchange (IEX).
Launched on June 15, 2020 as a gas trading platform, IGX has since become the first gas exchange to receive authorization from Petroleum and Natural Gas Regulatory Board (PNGRB) under the recently notified Gas Exchange Regulations 2020.
