IndianOil-Adani Gas Lights the Way with Rs 25 Billion Investment

IndianOil-Adani Gas, a collaboration between Indian Oil Corporation (IOCL) and Adani Total Gas (ATGL), is strategizing to inject Rs 25 billion (USD 301.24 million) into its operations over the next four years.

This substantial investment is geared towards amplifying gas sales to both small-scale industries and households across India. Presently, the company dispenses approximately one million standard cubic meters of gas daily through its network of 300 retail outlets.

In alignment with its strategic objectives, the company aims to fortify its infrastructure, expanding its retail outlets to over 600 within the stated timeframe. This expansion is a proactive response to the burgeoning demand for gas across the country.

News by Rahul Yelligetti