Indian Energy Exchange Limited, NSE Symbol: IEX, BSE Script Code: 540750, has announced the first strategic divestment of shares in the Indian Gas Exchange (IGX), its wholly owned subsidiary and India’s first authorized gas exchange. Adani Total Gas Ltd, and Torrent Gas Pvt. Ltd, India’s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5% equity stake each in the IGX.
Director, IGX, Rajesh K Mediratta said, “IGX envisions to play a key role in the development of India’s gas market which is aligned with the government’s vision to increase the share of gas in the energy mix from 6% to 15% by 2030. In our journey to shape the nascent gas markets in the country, we are delighted to partner with Adani Total Gas and Torrent Gas. We look forward to working in collaboration as IGX braces to play a pioneering role in developing India’s gas markets.
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