Market strategist Anand James of Geojit highlights that in the past ATGL stock reversed sharply after crossing the 200-DMA, therefore, one should be cautiously positive with a stop at ₹580.
Adani Total Gas said the supply disruption has affected deliveries to certain industrial consumers as suppliers reduced gas availability amid the evolving geopolitical situation.
The average trading volumes on the ATGL counter jumped over 20-fold with a combined 16.44 million equity shares changing hands on the NSE and BSE till 01:16 PM.
Adani Total Gas Ltd (ATGL) has not raised prices of CNG and piped cooking gas supplied to households, even as it has imposed supply curbs on some large industrial consumers amid the escalating West Asia crisis affecting gas supplies, officials said on Friday. A company official said about 70 per cent of ATGL's gas volumes are sourced domestically and supplied to CNG users and domestic kitchens (called piped natural gas (PNG)-domestic) customers. Prices for these segments of vehicle owners and residential households remain unchanged. ATGL, the city gas joint venture of the Adani Group and French energy major TotalEnergies, sources the remaining around 30 per cent of gas volumes through imported LNG. This is supplied to commercial and industrial users. As the escalating war halted movement of ships through Strait of Hormuz - the narrow sealane through which India gets a bulk of its crude oil and LNG supplies - the imported fuel segment has seen disruption. Due to supply chain ...
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The fund raising comes as the government plans to increase the share of natural gas in the energy mix to 15 per cent by 2030, from 6 per cent at present
Under the strategic alliance, ATGL fuel stations will retail Jio-bp's high-performance petrol and diesel, while Jio-bp outlets will host ATGL's CNG dispensing units within its geographical areas
Adani Power share price today zoomed amid heavy trading volumes. By 1:50 PM, around 3.28 million shares worth ₹194.94 crore had changed hands on BSE.
During the same period, the city gas distributor's revenue from operations rose 15.4 per cent to ₹1,453.37 crore, because of higher volume and sales realisation
The BSE Oil & Gas index touched intraday high of 26,551.71, up 3.12 per cent from previous session's close of 25,746.71. HPCL, BPCL, IOC were among the top gainers in trade on April 29, data shows
The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 8 per cent to Rs 1.55 billion
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Lamba said the 5 million tons per annum (mtpa) LNG terminal on India's east coast operated at an average utilisation rate of 25 per cent in 2024
For the quarter under review, the company reported a net profit of Rs 142.4 crore, despite an 11.9 per cent rise in net sales to Rs 1,294.5 crore
The government has increased cheaper gas supply to city gas retailers IGL, Adani-Total, and Mahanagar Gas, restoring a major part of the allocation that was cut in 2024, according to regulatory filings by the companies. The government, in October and November last year, had cut supplies of the so-called APM Gas (low-priced natural gas coming from old fields such as Mumbai High and Bassein fields in the Bay of Bengal) to city gas retailers by as much as 40 per cent in view of limited output. This led to city gas retailers hiking CNG prices by Rs 2-3 per kg and planning more increases as they replaced lost volumes with higher-priced input fuel. The price hike made CNG less attractive when compared to alternate fuels like diesel. Following this, the Ministry of Petroleum and Natural Gas in a December 31, 2024 order rejigged some allocations of gas produced from below ground and undersea. The ministry ordered a cut in gas supplied to state-owned GAIL and Oil and Natural Gas Corporatio
In the past three-month period, ATGL said it had commissioned its first LNG retail station for transport vehicles
The company, part of the ports-to-power Adani conglomerate, said its consolidated profit grew 7.5 per cent to Rs 187 crore in the three months ended Sept. 30
Q2FY25 company results: Godrej Consumer Products, PNB Housing Finance, Adani Gas, Bikaji, IndusInd Bank, Vadilal, and more to report second quarter earnings on October 24
Shares of Adani Energy Solutions, Adani Ports, Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Wilmar and Ambuja Cements were up in the range of 2 to 6 per cent.
Adani Total Gas share price surged after the company announced that global lenders have provided funding worth $275 million to the company.