Page 5 - Adani Gas

Adani Gas declines 4% after Q1 net profit falls 42% YoY to Rs 46 crore

Adani Gas said piped natural gas home connections increased to 4.38 lakh (979 new connections in Q1 FY21). Commercial and industrial connections increased to 4,448 during the period under review

Adani Gas profit before tax dips 49% to Rs 62.58 crore in June quarter

Earnings before interest, tax, depreciation, and amortisation was at Rs 86 crore - a hit of 41 per cent

Adani Gas profit declines 42% in June quarter as lockdown impacts sales

Gas sales volumes dropped to 64 million standard cubic meters in the first quarter of fiscal year beginning April 2020, from 137 mmscm in the same period a year back.

HDFC AMC, Adani Gas among candidates for inclusion in F&O segment

According to an analysis by ICICI Direct, about a dozen stocks currently meet the inclusion criteria for trading in the derivatives segment

GAIL, Adani, Petronet LNG join IGX; gas price of $4.07 per unit discovered

Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.

After Vedanta, Adani Power to go for delisting; board meet on June 3

The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Adani Gas Q4 PBT up 30% at Rs 156 cr, CNG volumes dip due to Covid-19

With demand from industrial, commercial and transportation down, the hit on volumes is expected to be higher for the June quarter

Gas distribution companies' shares rally; Indraprastha Gas surges 10%

The new price for domestic natural gas is the lowest in six years since the Narendra Modi government introduced the new pricing formula in November 2014

Gujarat Gas least vulnerable among city gas players to competition

Subdued gas prices will benefit IGL and MGL too, the two companies that have seen their share prices correct on fears of rising competition

French energy giant Total acquires 37.4% in Adani Gas for Rs 5,152 crore

Total had said late last year that CGD was a natural extension of the plans of both partners to invest in infrastructure and assets worth over $1 billion

SC dismisses Adani Gas' plea against piped gas distribution award

The Supreme Court has upheld an award for piped gas distribution network in Chennai and Tiruvallur districts in Tamil Nadu to a Gujarat-based firm by the Petroleum and Natural Gas Regulatory Board (PNGRB). A bench of Justices D Y Chandrachud and Hemant Gupta dismissed the appeal filed by Adani Gas Limited and others and justified the action of PNGRB saying that calling the bidders with the highest composite scores cannot be faulted. The Board had granted the award for piped gas distribution network in Puducherry to AG & P LNG, in Chennai and Tiruvallur districts to Torrent Gas Private Limited and to SKN Haryana in Kanchipuram district in 2018. The top court said there is no merit in the submission that there was a breach of the principles of "natural justice" in calling only the bidders with the highest composite score to explain the reasonableness of their bids. "In the present situation, when the Board decided to call the bidders with the highest composite score in order to ...

Adani Gas stock crashes after PNGRB notice, penalty on non-disclosure

The company clarified it had responded to regulators concerned and that there was no question of a penalty.

Market Wrap, Jan 24: Sensex up 227 pts, BSE mid-cap index hits 52-wk high

Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow

Adani Gas crashes 14% on report of gas regulator's notice on non-disclosure

Other Adani Group stocks also declined in intra-day trade today. Adani Enterprises (down 5 per cent to Rs 219), Adani Green Energy (down 5 per cent to Rs 183), Adani power (down 1 per cent)

CCI approves Total Group's 37.4% stake-buy, joint control of Adani Gas

The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates given the future of natural gas business in India

Essar Steel, Adani, GAIL, HPCL buy bulk of gas from Reliance' newer fields

Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries' newer fields in the KG-D6 block at an indicative price of $5.04 - 5.16 per unit, industry so

Adani Gas Q2 net doubles to Rs 120 cr as corporation tax cut lowers outgo

Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back

Total offers 'attractive' Rs 149.63 per share to Adani Gas shareholders

As the company continues to trade at a price higher that its peers in the same business, analysts call the offer an attractive one

Total SA to buy 37.4% stake in Adani Gas for nearly Rs 5,700 crore

The deal will be the largest foreign direct investment in India's city gas distribution