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Adani Gas served showcause notice by regulator: Sources

The PNGRB notice was sent for not disclosing scheme of arrangement with Adani Enterprises

January 24, 2020 / 09:53 PM IST

The Petroleum and Natural Gas Regulatory Board (PNGRB) has said that Adani Gas is yet to respond to its notice for not disclosing crucial information.

The company had bid for gas projects using net worth calculation of Adani Enterprises.

The PNGRB notice was sent for not disclosing scheme of arrangement with Adani Enterprises, sources told CNBC Awaaz.

The show-cause notices accessed by CNBC Awaaz revealed that Adani Gas bid for Gas projects using networth calculations of Adani Enterprises without disclosing the scheme of arrangement between the two companies.