Japan's Osaka Gas to invest $120-M in Indian unit of AG&P

Japan's Osaka Gas Co has entered India's urban gas distribution market by investing in the local unit of Singapore-based AGP International Holdings (AG&P). Osaka Gas plans to invest up to $120 million in the Indian unit of AG&P together with a state-private fund, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN). The AG&P unit has exclusive gas sales rights for eight years for 12 geographic areas, and infrastructure licenses for 25 years in those places.