IndianOil-Adani Gas, a joint venture between Indian Oil Corporation (IOCL) and Adani Total Gas (ATGL), is planning to invest Rs 25 billion (USD 301.24 million) over four years.
With this, the company seeks to double gas sales to small industries and households in India. On a daily basis, it sells about one million standard cubic metres of gas through its 300 retail outlets.
As part of its strategic plan, the company also aims to strengthen infrastructure to more than 600 retail outlets during the period to meet the increasing gas demand in the country.