Total buys 37.4% stake in Adani Gas for ₹5,662 crore

Date posted: Monday 14 October 2019

Betting on India’s clean energy push, French oil and gas major Total SA has acquired a 37.4% stake in Adani Gas Ltd, promoted by the Adani Group, for Rs5,662 crore. The expanded partnership will develop regasification terminals, including Dhamra LNG, on the east coast of India, market liquefied natural gas (LNG) domestically, and through Adani Gas target to distribute gas to 7.5% of India’s population.

(Live Mint)