Total and Adani in $600 million deal to supply and market natural gas in India

Total and Adani in $600 million deal to supply and market natural gas in India

French multinational integrated oil and gas company Total S A has partnered with Gautam Adani-led Adani Group to supply and market natural gas in India, Total said in a statement. The net acquisition cost of the deal stands at around $600 million for Total over 2019-20 and the two partners will invest in $1 billion in creating gas infrastructure.

Adani Gas posts a 76% increase in net profit

Adani Gas posts a 76% increase in net profit

Adani Gas, the city gas distribution arm of Adani Group has posted an increase of 76% in its net profit for the quarter ended 31 March, 2019. Net profit came in at ₹75.68 crore against ₹42.82 crore during the corresponding previous quarter.

Rs 1.2 lakh crore investment committed in city gas rollout

Rs 1.2 lakh crore investment committed in city gas rollout

As much as Rs 1.2 lakh crore of investment has been committed by firms like IOC, Adani Gas and Torrent in a massive rollout of CNG stations and cooking gas connections to households over the next 8-10 years, oil regulator PNGRB

City Gas Distribution Auction: It’s Adani Vs The Rest

City Gas Distribution Auction: It’s Adani Vs The Rest

India is expected to complete its second-largest auction to distribute piped natural gas in urban areas by February-end as the world’s third-biggest oil importer looks to reduce dependence on dirtier fuels to curb emissions and switch to cleaner alternatives.

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