The IGX is an arm of IEX and first authorised gas exchange in the country
Adani Green in a public statement said the joint venture has 2 GW of operating solar projects operating across 11 states in India
Originally, Adani Gas was part of Adani Enterprises Ltd (AEL) and was demerged into a separate unit before half of Adani family's 74.8 per cent stake being sold to Total
The balance 50% stake in the JV shall be held by AGEL. The solar portfolio is spread across 11 states in India
Firm has already brought in a nominee of the French oil major on its board
The deal will be the largest foreign direct investment in India's city gas distribution
Total and Adani will also create a joint venture with the objective of building a retail network over 10 years