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
Stocks to Watch Today, April 16: IndusInd Bank, Adani Total Gas, ICICI Lombard, IREDA are some of the top stocks to watch today
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.
The company said the maiden financing of $375 million executed with international lenders includes an initial commitment of $315 million with an accordion feature to enhance the commitments
The Adani group company's consolidated profit rose 15% to Rs 172 crore (around $21 million) in the three months ended June 30, marking its sixth straight rise in quarterly profit
Six group firms say they have received notices; legal experts say allegations don't seem to be very serious
Stocks to Watch on Thursday, May 2, 2024: Adani Power has reported a 48 per cent Y-o-Y fall in consolidated net profit at Rs 2,737 crore for the quarter ended March, 2024
With quicker adoption of liquified natural gas (LNG) becoming a centre point in government's gas policy and to control greenhouse gas (GHG) emissions, leading city gas distributor (CGD) Adani Total Gas Ltd has identified this super-chilled fuel to fuel its growth. Adani Total Gas Ltd (ATGL) is aiming to increase the adoption of LNG as the primary fuel for long-haul commercial vehicles, replacing diesel, through an ecosystem approach, a senior company official said. This includes strategic tie-ups with various stakeholders like auto ancillaries, Original Equipment Manufacturers (OEMs), fleet operators, end-use industry, and retrofitment players to advocate for quicker adoption of the fuel. "The biggest challenge of LNG is distribution. Currently we have only a handful of LNG dispensing stations and hence it is a chicken and egg situation. Fleet operators are unwilling to invest in switching over till the distribution network comes up, and till the demand builds up, oil marketing ...