Hot Pursuit     26-Jun-24
Adani Total Gas gains after PNGRB nod to establish gas distribution network in Jalandhar City
Adani Total Gas rose 1.69% to Rs 905.95 after the company received an approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) to establish and operate a City Gas Distribution Network in Jalandhar GA (geographical areas), Punjab.
PNGRB approval was an essential condition precedent in the Business Transfer Agreement (BTA). With Jalandhar GA, the company now has 34 GAs and enables the company to have its footprint in the state of Punjab, in the gas distribution business to serve the consumers.

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’s standalone net profit jumped 58.6% to Rs 165.34 crore in Q4 FY24 as against Rs 104.25 crore recorded in Q4 FY23. Revenue from operations (excluding excise duty) rose 4.61% year on year (YoY) to Rs 1,165.95 crore in the quarter ended 31 March 2024.

Previous News
  Adani Total Gas
 ( Results - Analysis 01-Nov-23   12:24 )
  Adani Total Gas Q4 PAT surges 59% YoY to Rs 165 cr
 ( Hot Pursuit - 02-May-24   12:13 )
  Adani Total Gas standalone net profit declines 9.34% in the December 2021 quarter
 ( Results - Announcements 03-Feb-22   08:15 )
  Adani Total Gas appoints company secretary
 ( Corporate News - 20-Jun-24   15:04 )
  Volumes soar at Tanla Platforms Ltd counter
 ( Hot Pursuit - 16-Feb-23   14:30 )
  Board of Adani Total Gas recommends Final Dividend
 ( Corporate News - 05-May-21   10:25 )
  Adani Total Gas Limited (erstwhile Adani Gas Limited): Ratings reaffirmed
 ( Press Releases - 05-Aug-22   13:43 )
  Adani Total Gas announces board meeting date
 ( Corporate News - 28-Apr-21   10:22 )
  Mahindra Holidays & Resorts India Ltd leads gainers in 'A' group
 ( Hot Pursuit - 24-Dec-19   12:00 )
  Adani Gas receives revision in credit ratings from ICRA
 ( Corporate News - 04-Sep-20   09:42 )
  IIFL Finance Ltd leads gainers in 'A' group
 ( Hot Pursuit - 17-Nov-20   12:01 )
Other Stories
  JSW Energy arm secures LoA from SJVN
  29-Jun-24   16:45
  GE Power bags purchase orders from NTPC, MAHAGENCO
  29-Jun-24   16:05
  Cochin Shipyard arm inks contract with Norwegian company
  29-Jun-24   15:01
  Titan signs JV agreement with Rhythm Jewelry
  29-Jun-24   13:30
  BEL bags order worth Rs 3,172 crore from Armoured Vehicles Nigam
  29-Jun-24   12:44
  Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam
  29-Jun-24   10:08
  Rajoo Engineers board OKs 1:1 bonus issue
  29-Jun-24   09:27
  Aditya Vision board to mull stock split proposal
  29-Jun-24   08:51
  Giriraj Civil Developers rallies on securing order worth Rs 181 crore
  28-Jun-24   16:57
  Oil India rises on appointing Rupam Barua as CFO
  28-Jun-24   15:25
Back Top