IndianOil-Adani Gas JV to invest Rs 2,500 crore to double gas sales
10 February 2024
Synopsis IndianOil-Adani Cas Pvt Ltd, a joint venture of Indian Oil Corp and Adani Total Gast plans to invest Rs 2,500 crore ($301.24 million) over four years to double its gas sales. Currently selling around one million standard cubic meters of gas daily through 300 outlets, the company aims to strengthen infrastructure and increase retail outlets to over 600 to meet the growing demand for gas in India.
Synopsis IndianOil-Adani Cas Pvt Ltd, a joint venture of Indian Oil Corp and Adani Total Gast plans to invest Rs 2,500 crore ($301.24 million) over four years to double its gas sales. Currently selling around one million standard cubic meters of gas daily through 300 outlets, the company aims to strengthen infrastructure and increase retail outlets to over 600 to meet the growing demand for gas in India.
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