{"id":382283,"date":"2020-11-04T11:17:25","date_gmt":"2020-11-04T05:47:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382283"},"modified":"2020-11-04T12:55:54","modified_gmt":"2020-11-04T07:25:54","slug":"adani-gas-to-raise-400-million-to-fund-two-year-capex-requirement","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-gas-to-raise-400-million-to-fund-two-year-capex-requirement\/","title":{"rendered":"Adani Gas to raise $400 million to fund two-year capex requirement"},"content":{"rendered":"<p>The board of directors of Adani Gas has approved a plan to raise $400 million or Rs 3,000 crore in the US-denominated bonds to fund its capital expenditure requirement for the next two years, senior company management said in a conference call on Tuesday. <\/p>\n<p>The company has a 10-year plan to invest Rs 9,000 crore on various city gas distribution and CNG projects. The company on its own and in a joint venture with state-owned Indian Oil Corp (IOC) has won city gas licence for 38 geographical areas spread over 71 districts in 15 states. <\/p>\n<p>\u201cThe fund raised will go towards capital expenditure for the next two years as part of the 5-year capex plan,\u201d said Suresh P Manglani, CEO of Adani Gas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of directors of Adani Gas has approved a plan to raise $400 million or Rs 3,000 crore in the US-denominated bonds to fund its capital expenditure requirement for the next two years, senior company management said in a conference call on Tuesday. The company has a 10-year plan to invest Rs 9,000 crore on various city gas distribution and CNG projects. The company on its own and in a joint venture with state-owned Indian Oil Corp (IOC) has won city gas licence for 38 geographical areas spread over 71 districts in 15 states. \u201cThe fund raised will go [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-382283","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=382283"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382283\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}