Adani Enterprises announces share sale in Chemoil Adani joint venture

To rename business as Adani Bunkering

Adani Enterprises announced that Chemoil Energy, a subsidiary of Glencore has sold its 49% interest in Chemoil-Adani Pte to Adani. Chemoil-Adani Pte was a jointly-owned bunker supplier that supplied bunker fuel to vessels in Mundra and other ports in India. Going forward, Chemoil will no longer be associated with the business, which will be fully-owned and managed by Adani and renamed Adani Bunkering.

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