Page 2 - Adani Total Sa

Adani-Total Gas profit up 20% to Rs 168 crore during Jul-Sep quarter

Adani Total Gas Ltd, the city gas joint venture of Adani Group and TotalEnergies of France, on Tuesday reported 20 per cent rise in September quarter net profit on CNG sales boost. Net profit of Rs 168 crore in July-September was 20 per cent higher than Rs 139 crore net profit in the same period a year back, the company said in a statement. CNG sales rose 20 per cent to 113 million standard cubic meters while piped gas supplies dropped 3 per cent to 75 mmscm. Revenue was almost flat at Rs 1,178 crore. "Revenue from operations has remained flat as there was reduction in gas cost due to revised pricing formula approved by Government of India with effect from April 8, 2023, the benefit of which ATGL passed on to its consumers, resulting in decrease in sales price," it said. EBITDA increased 17 per cent on account of higher volume and balanced price strategy. The company said it added 23 new CNG stations to raise the total network strength to 483. It also connected 51,801 homes with

Stocks to Watch: Torrent Pharma, Cipla, TVS Supply Chain, Titan, AdaniTotal

Stocks to Watch on August 23, 2023: Torrent Pharma has joined the race to buy out Cipla's promoter stake held by the Hamied family, reported The Economic Times

Adani TotalEnergies partners with Evera Cabs for developing charging hubs

Adani TotalEnergies E-Mobility Limited (ATEL) will set up EV charging infrastructure with all-electric cab aggregator, Prakriti E-Mobility (Evera), the company said on Tuesday. "The collaboration will feature an integration of 200 EV charging points super hub in Delhi. This strategic partnership will be scaled up pan-India to encourage decarbonized mobility," it said in a statement. Adani TotalEnergies E-Mobility Limited (ATEL) is a wholly-owned subsidiary of Adani Total Gas Limited, the equal joint venture of Adani Group and French energy giant TotalEnergies. ATEL is setting up EV charging ecosystem with a wide range of charging points catering to B2C and B2B customers. The partnership with Evera comes at a time of rising EV demand, though charging infrastructure still remains scant. It will "help catalyse India's 2030 decarbonization target, supported by a rising inclination towards electric vehicles in the cab-hailing segment," the statement said. ATEL and Evera hope to bridge

Oil regulator rejects Adani Total's application for Noida city gas licence

Oil regulator PNGRB has rejected Adani Total Gas Ltd's application for a licence to retail CNG to automobiles and piped gas to household kitchens in Noida, on the outskirts of the national capital, on grounds that it does not meet criteria. The Petroleum and Natural Gas Regulatory Board (PNGRB) in an order dated July 14 said Adani Total Gas Ltd does not fulfill the requirements of law and so its application is rejected. Adani has been eyeing a city gas distribution (CGD) licence for cities adjoining the national capital for nearly two decades now. A firm can retail CNG or piped natural gas in a city only if it is authorised by the regulator or had permission from the central government prior to the regulator coming into existence. While Indraprastha Gas Ltd - the joint venture of state-owned firms - had been authorised for the National Capital Territory of Delhi, Adani has challenged IGL's claim for adjoining cities. PNGRB, which came into being in 2006, accepted city gas ...

Stocks to Watch: BPCL, PowerGrid, ATGL, ICICI Bank, T D Power, CreditAccess

Stocks to Watch on June 30, 2023: MCX has extended the support services deal with its software vendor 63 Moons Technologies; BPCL's board approved raising up to Rs 18,000 crore via rights issue

Adani Total Gas to expand pan-India presence, build 1,800 CNG stations

ATGL will also diversify its offerings to compressed natural gas, compressed biogas, and electric vehicle charging along with scaling its gas distribution business

Adani Group stocks lose $10 billion in value as MSCI exclusion weighs

Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month

Adani Total Gas hits over 2-year low; stock slips 26% in six trading days

Last week, global index provider MSCI dropped Adani Total Gas and Adani Transmission from its India index

MSCI to drop Adani Transmission, Adani Total Gas from India index on May 31

Stocks to be assigned 'zero' value if they get locked in lower circuits that day

MSCI drops Adani Transmission and Adani Total Gas from India index

The exclusion follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two companies

MSCI rejig: Adani Transmission, Adani Total Gas may see outflow of $206 mn

Shares of Adani Transmission and Adani Total Gas had hit their respective lower circuit filter of 5 per cent on Monday, after MSCI said it would reduce their weights in its indices

IndianOil, Adani-Total, Shell lap up Reliance's KG-D6 gas; IOC top bidder

State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day of gas sold in an e-auction on Wednesday while state-owned gas utility GAIL bought 0.7 mmscmd, Adani-Total Gas Ltd 0.4 mmscmd, Shell 0.5 mmscmd, GSPC 0.25 mmscmd and IGS another 0.5 mmscmd, two sources with knowledge of the matter said. Reliance-bp on Wednesday held an e-auction for sale of gas from the MJ field in their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies. The bidding saw participation from 41 companies from various sectors including city gas, fertiliser, oil refinery, glass, ceramics and traders, sources said adding unlike previous auction Reliance did

Vinod Adani part of promoter group of various listed firms: Adani Group

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

Icra downgrades outlook on Adani Ports, Adani Total to 'negative'

Affirms ratings on long-term loans of both firms

Adani Green, Adani Transmission, Adani Total Gas hit 52-week lows

Adani Ports and Special Economic Zone, Adani Wilmar, ACC, Ambuja Cements and New Delhi Television (NDTV) are down in the range of 1 per cent to 5 per cent.

Divested entire stake in Adani group: Norway sovereign wealth fund

The world's largest stock investor says it sold its shares - worth just over $200 million - in three Adani group companies since the start of the year

Adani Total expects to receive 2.2 MT of LNG in FY24 at Dhamra terminal

India's LNG imports fell for the second straight year in 2022, mainly due to fewer imports by utilities as the country ramped up coal-fired power production at the expense of natural gas

Time Technoplast soars 19% on winning Rs 75 cr order from Adani Total Gas

The order is for supply of CNG cascades made from Type-IV composite cylinder. The delivery of these cascades shall begin from January 2023.

Adani Total Gas reports marginal rise in Q2 profit to Rs 1.60 billion

Adani Total Gas said revenue rose due to increased volumes and higher prices, as it passed on some of the rise in input costs to customers