The company, which distributes piped gas to various Indian cities, said consolidated profit rose to 1.77 billion rupees ($21 million) for quarter ended Dec 31 from 1.50 billion rupees a year earlier
While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak
The group's transmission entity, Adani Energy Solutions, said it has entered into a smart meter joint venture with Esyasoft Holdings Ltd.'s smart metering solutions arm
Shares of Adani Total Gas zoomed 20 per cent to Rs 1,053.80 in intraday trade today on the back of heavy volumes
The project is expected to be commissioned by FY24-25, and the percentage of green hydrogen will be gradually increased in the blend to up to 8 per cent or more
The announcement marked a welcome reprieve for India's Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year
Shares of Adani Power climbed over 2 per cent on Thursday after US-based boutique investment firm GQG Partners along with other investors bought an 8.1 per cent stake in the company for over Rs 9,000 crore (USD 1.1 billion). The stock gained 2.58 per cent to settle at Rs 286.50 on the BSE. During the day, it climbed 3.27 per cent to Rs 288.45. At the NSE, it climbed 2 per cent to end at Rs 285.55 apiece. Majority of the group companies also ended in the green. Adani Ports jumped 4.47 per cent, Ambuja Cements climbed 1.91 per cent, Adani Enterprises gained 1.45 per cent, NDTV (1.26 per cent), ACC (0.64 per cent) and Adani Transmission (0.42 per cent). GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore, as the marquee investor shrugged off the damning report of a US-based short-seller, to invest in billionaire Gautam Adani's group. GQG Partners and other investors bought 31.2 crore shares of Adani Power in a b
The revenue from operations for Q1FY24 came in at Rs 1,135 crore, compared to Rs 1,110 crore year-on-year
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Adani Total Gas Ltd, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said. The company retails CNG to automobiles and pipes gas to household kitchens for cooking purposes in 52 licences that cover 124 districts of the country. It has 460 CNG stations in the country and about 7 lakh consumers of its piped cooking gas. It is looking to expand its network of CNG stations as well as pipeline network that takes the gas to household kitchens and industries, to tap into the country's growing appetite for cleaner fuel. In the company's latest annual report, Adani Total Gas Ltd (ATGL) chief financial officer Parag Parikh said the company invested over Rs 1,150 crore in 2022-23 (April 2022 to March 2023) for creating additional infrastructure. "From a long-term ...
The total value of the top 500 companies in India declined marginally by 6.4% to Rs 212 trillion from Rs 227 trillion as of October 30,2022.
The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month
Adani Total Gas and Adani Transmission in the MSCI Standard indices could now halve
The company's revenue from operations rose 12.3 per cent YoY to Rs 1,197.31 crore in the quarter ended March 31
Q4 Results of Adani group companies are important to look at the fundamentals of the group after the rout its companies had to face post the Hindenburg Research report
ATGL also announced a reduction in PNG prices for Industrial and Commercial Consumers by Rs 3.0 per scm its geographical areas (GAs)
This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report
Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares
On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore