Page 6 - Adani Gas

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

Adani Gas zooms 18% as French firm Total agrees to buy 37.4% stake

Adani and TOTAL have signed definitive agreements to deepen their existing partnership and commitment for developing multi-energy offerings to the Indian energy market.

Total to buy 37% stake in Adani Gas for $600 mn to expand India footprint

The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players

Adani finds mine-development contracts more promising than trading

The company has one fully operational MDO; two more MDOs have started and another seven are under development

Adani plans to invest Rs 10,000 crore in city gas distribution networks

The company also looks to advance work on the Gujarat and Rajasthan geographical areas

Adani Gas surges 14% as stock shifts to normal trading segment

The stock surged 14% to Rs 88.70, its highest level since listing on November 5, 2018, on the back of heavy volumes on the BSE.

Adani Gas up 5% on stock market debut

The stock is locked in upper circuit of 5% at Rs 73.70 on debut on the BSE on Monday.