Indian Oil-Adani Gas joint venture announces Rs 2,500 crore investment:

Daily Current Affairs / Indian Oil-Adani Gas joint venture announces Rs 2,500 crore investment:

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Category : Business and economics Published on: February 12 2024

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Indian Oil-Adani Gas Pvt Ltd will invest 25 billion rupees ($301.24 million) over four years as it looks to double gas sales to small industries and households in India. The company, an equal joint venture of refiner Indian Oil Corp and Adani Total Gas, daily sells about one million standard cubic metres of gas through its 300 retail outlets.

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Indian Oil-Adani Gas joint venture announces Rs 2,500 crore investment: