Adani Total Gas secures $375M funding to expand city gas network

Quick Summary:

Adani Total Gas Ltd, the city gas joint venture of Adani group and French energy giant TotalEnergies, on Friday said it has secured USD 375 million funding from global lenders for expansion of its business.

This shall cater to up to 14% of India's population, covering more than 200 million people.

The expansion will deepen the penetration of piped natural gas (PNG) and compressed natural gas (CNG) infrastructure, creating an ecosystem for a gas-based economy.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Energy Adani Financing Privacy Transition City Million Bank Lenders Total Initial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-21 @ 05:05:48 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © YourStory

News ID: 22628474

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