Hot Pursuit     01-Apr-24
ATG jumps after arm starts operations at Barsana Biogas Plant
Adani Total Gas (ATGL) jumped 4.62% to Rs 968.25 after the company’s wholly owned subsidiary, Adani TotalEnergies Biomass said that it has commissioned operations at phase 1 of Barsana Biogas Plant, located in the Mathura, Uttar Pradesh.

The Barsana Biogas Project has 3 project phases and would attain the overall capacity of 600 tons per day (TPD) of feedstock, generating over 42 TPD of compressed bio gas (CBG) and 217 TPD of organic fertilizer upon full commissioning.

This plant will be India’s largest agri waste-based bio-CNG plant after reaching full design capacity at phase 3. The project cost for all three project phases for the Barsana Biogas plant would be in excess of Rs 200 crore, according to the company.

By utilizing advanced anaerobic digestion technology, the plant converts organic materials into renewable biogas, significantly reducing greenhouse gas emissions and reliance on fossil fuels, besides aiding to the nation’s fuel security and emission reduction goals.

Suresh P Manglani, ED & CEO, ATGL said, “In addition to producing Compressed Bio Gas (CBG), the plant yields high-quality organic fertilizer, contributing to circular economy principles and agricultural sustainability. The setting up and initiation of CBG production fully aligns with our promoters’ - Adani Group and TotalEnergies - broader sustainability goals and by investing in renewable energy like CBG. Adani Group and TotalEnergies aim to play a pivotal role in the global transition to a lowcarbon economy.”

Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.

The natural gas distribution company reported 16.1% increase in net profit to Rs 172.28 crore in Q3 FY24 as against with Rs 148.39 crore recorded in Q3 FY23. Revenue from operations rose 4.86% year on year (YoY) to Rs 1,243.16 crore in the quarter ended 31 December 2023.

Previous News
  Adani Total Gas signs MoU with Flipkart
 ( Corporate News - 27-Dec-23   12:01 )
  Adani Total to aid Flipkart’s efforts to reduce carbon footprint across its supply chain
 ( Hot Pursuit - 27-Dec-23   13:51 )
  Adani Total Gas launches green hydrogen production and blending pilot project in Ahmedabad
 ( Corporate News - 28-Nov-23   15:25 )
  Volumes soar at Tanla Platforms Ltd counter
 ( Hot Pursuit - 16-Feb-23   14:30 )
  EKI Energy Services Ltd leads losers in 'A' group
 ( Hot Pursuit - 16-Feb-23   15:00 )
  Astec Lifesciences Ltd leads losers in 'A' group
 ( Hot Pursuit - 31-Jan-23   15:00 )
  Aster DM Healthcare Ltd leads gainers in 'A' group
 ( Hot Pursuit - 29-Nov-23   12:00 )
  Total to acquire joint control in Adani Gas
 ( Corporate News - 14-Oct-19   09:44 )
  Volumes jump at Adani Total Gas Ltd counter
 ( Hot Pursuit - 28-Nov-23   14:30 )
  Adani Gas executes Shareholders' Agreement with Total Holdings SAS
 ( Corporate News - 14-Oct-19   09:50 )
  Linde India Ltd Spurts 1.02%, S&P BSE Oil&Gas index Gains 1.04%
 ( Hot Pursuit - 09-May-24   09:30 )
Other Stories
  Eicher Motors CV sales rises 11% YoY in June’24
  01-Jul-24   15:39
  Atul Auto hits record high as sales double to 2,628 units in Jun’24
  01-Jul-24   15:29
  Ashok Leyland slides as total sales slips 2% YoY in June'24
  01-Jul-24   15:16
  Reliance Infrastructure Ltd leads losers in 'A' group
  01-Jul-24   15:00
  Oriental Carbon & Chemicals Ltd leads losers in 'B' group
  01-Jul-24   14:45
  Rane Holdings hits life high on plan to acquire 51% stake in JV
  01-Jul-24   14:45
  Maruti Suzuki rises as total sales jumps 12% YoY in Jun’24
  01-Jul-24   14:37
  Volumes jump at Emami Ltd counter
  01-Jul-24   14:30
  Karur Vysya Bank advances climb 16% YoY in Jun'24
  01-Jul-24   14:14
  SML Isuzu jumps as June sales surges 38% YoY
  01-Jul-24   14:13
Back Top