Adani Total Gas Sets its Life High; Stocks up 50% since March

Shares of Adani Total Gas hit a lifetime high of 2,380 rupees, up 6 per cent over BSE in trade during Monday. The stock rose by 16 percent in the past six trading sessions after the company announced its entry into the electric mobility infrastructure sector.

The stock is up 50 per cent from the Rs 1,587 level since March, compared to 7 per cent in the S&P C Sensex.



On March 28, Adani Total Gas has taken the plunge into electric mobility by launching the first Electric Vehicle Charging Station (EVCS) in Ahmedabad, Gujarat. “We aim to expand the electric mobility network by creating 1,500 EVCS across the country. We have kept an expansion plan ready to exceed 1,500 EVCS, on the basis of generating demand and building momentum for the country’s electric vehicle ecosystem,” the company said. in the current situation.

Adani Total Gas is India’s leading private company in developing city gas distribution networks (CGD) to supply piped natural gas (PNG) to industrial, commercial and domestic (residential) customers and compressed natural gas (CNG) to the transportation sector. With pre-licensing gas distribution mandated for 14 new Geographical Areas (GAs), ATGL serves 38 geographies representing 8 percent of India’s population.

“We have received letters of authorization to extend, build, operate and expand CGD networks for several geographies (gas, after participating in the 11th CGD Bid Round conducted by the Petroleum and Natural Gas Regulatory Board (PNGRB)), the company said on March 22nd in a press release. Click here to post

Dear Reader,

Business Standard has always strived to provide the latest information and commentary on developments that matter to you and that have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our resolve and commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our content online. Further subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.

Support quality press and Subscribe to Business Standard.

digital publisher

Leave a Reply

Your email address will not be published. Required fields are marked *