Adani Gas

Adani Total Gas shares soared following the announcement of a $375 million financing package from global lenders, marking a significant milestone in the city gas distribution sector aimed at expanding infrastructure across India.

Adani Total Gas Q1 Results: Net profit climbs 14.4% to Rs 171.8 crore YoY

Adani Total Gas operates city gas distribution (CGD) networks, supplying PNG to industrial, commercial, and residential customers. and CNG to the transport sector.

Adani Total ramps up CNG footprint with strong volumes; shares up over 70% in six months

Adani Total Gas has added 91 new CNG stations in the March quarter and posted strong volume growth.

Adani Total Gas tumbles 7% on profit-booking after month-long sharp rally

Adani Total Gas shares tank over 7 percent on profit-booking. The stock has risen 92 percent in the last one month, but is still trading 71 percent lower on a YTD basis.

MGL, IGL, Adani Gas shares surge as lower input costs a relief for CGDs

The Union Cabinet on Thursday approved revised domestic gas pricing guidelines. Post the development, CGD companies have announced a cut in CNG and PNG prices over the weekend.

Adani Total Gas cuts CNG, PNG prices

From Saturday, ATGL has reduced the price of CNG up to Rs 8.13 per kg and the price of PNG by up to Rs 5.06 standard cubic metres.

Delhi HC stays notices in relation to declaring Adani gas distribution network as common carrier

The interim order was passed by a bench of Chief Justice DN Patel and Justice Jyoti Singh on the petition by the company challenging the Board's Public Notices dated September 13, 2021, and the consequent Hearing Notice January 20.

Gujarat Gas wins case in Supreme Court against Adani for Ahmedabad rural distribution rights

"We hereby inform you that the Honorable Supreme Court of India has pronounced judgement in case of Ahmedabad Rural authorization, which has been decided in favor of Gujarat Gas Limited," the state-run firm said in a regulatory filing.

Airports IPO | Will the newest business from the Adani stable replicate earlier successes?

Adani enters into areas that need very high capital investment. This acts as a big entry barrier, restricts competition and gives firms monopolistic power. But COVID-19 has badly hit the travel business.

Exclusive | After universal LPG penetration, India plans to cover 100% population under city gas network

PNGRB to soon initiate the eleventh round of CGD bidding that may see an estimated investment of Rs 1.2 lakh crore, covering over 300 districts

Hold Adani Gas; target of Rs 230: ICICI Direct

ICICI Direct recommended hold rating on Adani Gas with a target price of Rs 230 in its research report dated November 07, 2020.

Adani Gas shares volatile a day after company posts Q2 earnings

EBITDA jumped 48 percent YoY to Rs 218 crore in the said quarter against Rs 147 crore in the corresponding quarter of the previous financial year.

Adani Gas cuts CNG, PNG prices amid reduction in natural gas rates

Rates have been reduced in Uttar Pradesh, Haryana and Gujarat, the company said in a statement.

Buy Adani Gas; target of Rs 190: ICICI Direct

ICICI Direct is bullish on Adani Gas has recommended buy rating on the stock with a target price of Rs 190 in its research report dated August 10, 2020.

Adani Gas net profit drops 42% in Q1

Net profit of Rs 46 crore in April-June compared with Rs 79 crore net profit a year back, the company said in a statement.

Buy Adani Gas; target of Rs 130: ICICI Direct

ICICI Direct is bullish on Adani Gas has recommended buy rating on the stock with a target price of Rs 130 in its research report dated May 11, 2020.

Adani Gas cuts CNG, piped cooking gas prices

The firm which retails CNG to automobiles in some districts of Haryana, Gujarat, Rajasthan, Madhya Pradesh, and Uttar Pradesh, cut CNG rates between Rs 1.5 per kg to Rs 3.6 per kg while the rate of natural gas piped to household kitchens for cooking purposes has been cut by Re 1 per standard cubic meter (scm),the company said in a statement.

Adani Gas gets oil regulator nod for demerger, stake sale to Total

The Petroleum and Natural Gas Regulatory Board (PNGRB) had threatened to cancel the 13 city gas distribution licences Adani Gas had won in the 9th bid round in 2018 for allegedly perpetrating a "fraud" by not disclosing material facts of the demerger.

Adani Gas share price gains 12% on clean chit from PNGRB

The share touched its 52-week high Rs 185.60 and 52-week low Rs 85.00 on 02 January, 2020 and 04 February, 2019, respectively.

Adani Gas served showcause notice by regulator: Sources

The PNGRB notice was sent for not disclosing scheme of arrangement with Adani Enterprises

Adani Gas tanked 13% as gas regulator send notice to the company

Adani Gas bid for gas projects using net worth calculation of Adani Enterprises.

Adani Gas share price climbs 10% on CCI nod for Total's stake buy in co

The Total Group is engaged in every sector of the oil and gas industry, including upstream and downstream.

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

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

Adani Gas Q2 net proft doubles to Rs 120 crore

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, the company said in a statement.

3-Point Analysis | French firm Total SA picks 37.4% stake in Adani Gas

The Rs 5,700-crore agreement is one of the largest foreign direct investment deals in the Indian city gas distribution sector.