India's Adani Total Gas gets $375 mln financing, will expand distribution network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
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Source: Reuters
Financing for Expansion: Adani Total Gas has secured $375 million in financing to expand its city gas distribution network across 13 states in India, competing with other major players in the market.
Market Growth Potential: The city gas distribution market in India is projected to grow over 10% annually from 2024 to 2029 as the country aims to enhance access to cleaner energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
