Petroleum regulator alleges violations on city gas projects; Adani Gas clarifies
New Delhi: The Adani family owned Adani Gas on Friday clarified on Petroleum and Natural Gas Regulatory Board’ (PNGRB) notice on non disclosure of information and alleged violation while bidding for city gas distribution (CGD) projects.
The issues assume importance in the backdrop of Total, the world’s second-largest liquefied natural gas company, which plans to buy a 37.4% stake in Adani Gas through a combination of a tender offer to public shareholders and from the Adani family.
Television channel CNBC-TV18 on Friday morning reported about Adani Gas bidding for CGD projects using Adani Enterprises Ltd’ net worth calculations, without disclosing the arrangement between the two companies.
