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Indian Oil clarifies on Adani Gas deal after public scrutiny: Report

An Indian Oil spokeswoman said on Thursday that the agreement with Adani was signed very recently and there was no commitment on capacity use

Indian Oil Corp
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Bloomberg
Indian Oil Corp. has taken to Twitter in an unusual move to clarify its involvement in an Adani Group company gas import terminal.

The state-run refiner sent a series of tweets late Wednesday to detail a deal with Adani Ports & Special Economic Zone Ltd. involving a proposed liquefied petroleum gas terminal on the nation’s east coast. Indian Oil said there was no take-or-pay liability or binding agreement in place.

The response followed a tweet from opposition lawmaker Mahua Moitra, who accused Indian Oil of not following a proper tender process for the agreement. Moitra’s tweet linked to a Feb.