Total and Adani Sign Deals to Strengthen Partnership
Global Oil and Gas major, Total S.A. has signed a deal with Adani Gas Limited to hold a 37.4 percent shares in the company which will help accelerate Adani’s project execution in all geographical areas. Furthermore, Adani is also targeting to setup 1500 fuel retails in the country. The partnership between both the companies would develop regasification terminals and develop the gas infrastructure business in the country. Adani with the help of Total would target 6 million households over the next 10 years, which is almost about 7.5 percent of India’s total population.