Adani Total Gas | Business Upturn

Top Stocks For Trade Today, April 28: Coal India, UltraTech Cement, Bajaj Housing Finance, Adani Total Gas and more

Aman Shukla — Tue, 28 Apr 2026 03:00:35 +0000

The Indian stock market is expected to see stock-specific action on Tuesday, April 28, as multiple companies report earnings updates, operational developments, and regulatory changes. Here’s a clear, fact-based look at the key stocks in focus.

Earnings & Business Updates Driving Action

Coal India Limited
Coal India reported a 6% rise in EBITDA, while revenue increased 5.8% YoY, indicating stable operational performance.

Indian Oil Corporation (IOC)
An IOC-led joint venture has made a fresh oil and gas discovery in a Libya block, which may have long-term strategic implications.

UltraTech Cement
The company expects double-digit volume growth in FY27 and plans annual capex of ₹8,000–10,000 crore.

Bajaj Housing Finance
NII rose 15% YoY, while AUM increased 23% YoY, reflecting continued lending growth.

Piramal Finance
AUM grew 25% YoY, with NIM improving to 6.5%, suggesting better profitability metrics.

Rossari Biotech Limited
Reported EBITDA growth of 11% with revenue up 18.2% YoY.

RailTel Corporation of India
Received a Letter of Acceptance (LoA) for a ₹145.5 crore contract from Eastern Coalfields.

City Union Bank
NII jumped 31% YoY. The bank also announced a bonus issue in a 1:3 ratio.

AU Small Finance Bank
Reported 23% growth in NII, with profit rising 65% YoY.

Balaji Amines Limited
Highlighted improving global ammonia supply conditions and gradual production restart.

The Phoenix Mills
EBITDA rose 32%, with margins expanding to 60% from 55% YoY.

Rallis India Limited
Reported narrowing net losses and 6% YoY revenue growth.

Websol Energy System Limited
EBITDA surged 86.4%, though margins declined by 892 basis points YoY.

Canara Robeco Asset Management
Revenue grew 13%, while total AUM rose 3% YoY as of March 31.

Global Health Limited (Medanta)
Expanded its presence in Indore through the takeover of an 80-bed cancer hospital.

Prataap Snacks Limited
EBITDA increased sharply to ₹20 crore from ₹4.3 crore, with margins improving to 4.8%.

Adani Total Gas Limited
EBITDA declined 1.4%, with margins compressing to 19.3% from 20.2% QoQ.

Jindal Stainless Limited (JSL)
Government extended QCO exemption for certain stainless steel grades by six months.

Jindal Saw Limited
EBITDA dropped 35%, with margins falling to 10.4% from 14.6% YoY.

Punjab & Sind Bank
Reported a 13% decline in NII, while net NPA rose slightly QoQ to 0.79%.

AGI Greenpac Limited
EBITDA fell 1%, with margins declining YoY.

Unicommerce eSolutions Limited
EBITDA declined 12.7%, and margins contracted to 13.4%.

Sectoral Trigger

Public Sector Banks (PSBs)
The Reserve Bank of India has issued final Expected Credit Loss (ECL) guidelines, effective April 1, 2027. This may influence provisioning frameworks and earnings visibility over time.

Adani Total Gas reports ₹1,225 crore EBITDA for FY26 with 14% volume growth

Arunika Jain — Mon, 27 Apr 2026 14:16:19 +0000

Adani Total Gas (ATGL), a leading player in India’s energy transition, has reported a robust financial performance for the fiscal year ending 31st March 2026. The company achieved a 14% year-on-year increase in sales volume, reaching 1,133 million metric standard cubic metres (MMSCM), and an EBITDA of ₹1,225 crore, marking a 5% rise from the previous year.

In the fourth quarter of FY26, ATGL posted a 13% year-on-year growth in volumes to 297 MMSCM, with EBITDA rising to ₹310 crore. The company’s revenue for the quarter increased by 16% to ₹1,696 crore, while the profit after tax (PAT) rose by 4% to ₹156 crore.

ATGL’s infrastructure expansion continued at a steady pace, with the CNG network growing to 705 stations, and PNG connections reaching approximately 1.1 million households. The company also scaled up its electric vehicle charging points to 5,100, reinforcing its commitment to clean energy infrastructure.

Despite geopolitical tensions in West Asia and associated market volatility, ATGL maintained uninterrupted gas supply across all operating areas. The Government of India supported the sector by prioritising gas allocation to domestic PNG and CNG consumers, while the Petroleum and Natural Gas Regulatory Board (PNGRB) kept the Zone-1 tariff unchanged at ₹54 per million British thermal units (MMbtu).

Adani TotalEnergies E-mobility Limited (ATEL) expanded its footprint to 5,100 installed EV charge points across 26 states and union territories, while Adani TotalEnergies Biomass Limited (ATBL) sold a total of 1,654 metric tonnes of compressed biogas (CBG) in FY26.

For the full fiscal year, ATGL’s revenue increased by 18% to ₹6,415 crore, with a consolidated PAT of ₹656 crore. The company continues to align with India’s vision to increase the share of natural gas in the energy mix to 15% by 2030.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Total Gas launches Saksham Niveshak campaign to aid shareholders with unclaimed dividends

Business Desk — Tue, 21 Apr 2026 16:00:13 +0000

Adani Total Gas has initiated the Second 100 Days Campaign, titled ‘Saksham Niveshak’, aimed at assisting shareholders in claiming unpaid or unclaimed dividends. The campaign, running from 1st April 2026 to 9th July 2026, is in response to a request from the Investor’s Education and Protection Fund Authority under the Ministry of Corporate Affairs.

The primary objective of the ‘Saksham Niveshak’ campaign is to raise awareness among shareholders about updating their personal details and claiming any dividends that remain unpaid or unclaimed before they are transferred to the Investor Education and Protection Fund (IEPF). Shareholders are encouraged to update their Permanent Account Number (PAN), nomination details, contact information, bank account details, and specimen signature with the company or the Registrar & Transfer Agent, MUFG Intime India Private Limited.

To facilitate the process, shareholders are required to submit specific forms, such as Form ISR-1 and Form ISR-2, along with self-attested KYC documents and bank details. These documents can be sent by post to MUFG Intime India Private Limited or submitted electronically via email or MUFG’s online portal. Additionally, shareholders can track their requests through the SWAYAM portal.

Adani Total Gas will also send letters or emails to shareholders with details of unpaid dividends and the process for claiming them. Shareholders holding shares in electronic form can claim their dividends by updating their details with their respective Depository Participants.

The company has made this notice available on its website and the websites of the BSE and NSE. Shareholders are urged to follow the instructions provided to prevent the transfer of their dividends to the IEPF authority.

For further assistance or queries regarding the ‘Saksham Niveshak’ campaign, shareholders can contact Adani Total Gas via email at investor.agl@adani.com or investor.helpdesk@in.mpms.mufg.com.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Total Gas receives top ESG rating with a score of 83.3

Arunika Jain — Mon, 13 Apr 2026 14:01:40 +0000

Adani Total Gas has been awarded a prestigious ESG rating, receiving a ‘Care Edge – ESG 1+’ with a score of 83.3 from CARE ESG Ratings Limited. This rating signifies a leadership position in managing Environmental, Social, and Governance (ESG) risks through exemplary disclosures, policies, and performance.

The ‘Care Edge – ESG 1+’ rating is the highest recognition for companies demonstrating best-in-class practices in ESG management. It reflects Adani Total Gas‘s commitment to sustainability and its proactive approach in addressing ESG challenges, setting a benchmark for industry peers.

The ESG score of 83.3 underscores the company’s robust framework and strategic initiatives in integrating ESG principles into its operations. This achievement aligns with the growing emphasis on sustainability and responsible business practices in the corporate sector.

Adani Total Gas’s ESG rating and score have been made available on the company’s official website, ensuring transparency and accessibility for stakeholders interested in their ESG performance.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Total Gas updates key managerial personnel contact details

Business Desk — Mon, 30 Mar 2026 14:28:08 +0000

Adani Total Gas Limited has disclosed updated contact information for its authorised key managerial personnel (KMP) in compliance with regulatory requirements.

The company filed the disclosure under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to ensure accurate contact details are maintained for determining the materiality of events and making stock exchange disclosures.

The updated contact details are as follows: Mr. Suresh Manglani, Whole Time Director and Chief Executive Officer, can be reached at investor.agl@adani.com. Mr. Preyash Jhaveri, Interim Chief Financial Officer, is available at telephone number 079-66243200. Mr. Anil Agrawal continues in his role as Company Secretary and Compliance Officer.

These contact details have been registered with both the BSE Limited (Scrip Code: 542066) and the National Stock Exchange of India Limited (Scrip Code: ATGL) to facilitate official communications regarding material events and information disclosures.

The company has also published this information on its official website at www.adanigas.com for public reference and transparency purposes.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Stocks to watch today, Jan 23: Adani Total Gas, IndiGo, Premier Energies, Cyient, Belrise Industries and more

Aman Shukla — Fri, 23 Jan 2026 02:55:33 +0000

India’s equity benchmarks are likely to open flat to slightly negative on January 23 (IST), mirroring weak early global cues. With risk appetite muted and investors staying selective, market participants are expected to track company-specific developments and earnings-led movements rather than broad-based trends. Against this backdrop, several stocks are set to remain in focus today.

Stocks to Watch Today – January 22

Belrise Industries: Acquired aerospace-related equipment for €350,000; transaction size indicates limited near-term financial impact.
Swan Defence: Secured a $227 million contract to build six 18,000 DWT IMO Type II chemical tankers, supporting order book visibility.
Zaggle Prepaid Ocean Services: Entered into a service agreement with HDFC ERGO General Insurance, expanding its enterprise client engagement.
Cigniti Technologies: EBITDA rose 21.3% YoY; margin improved to 18% from 16.5% YoY.
Atlanta Electrical: Reported 80% YoY revenue growth; operating margin stood at 19.4%.
IndiGo: Profit impacted by ₹1,547 crore exceptional losses; company indicated core business performance remained stable.
Cyient: Profit declined 32%, while dollar revenue increased 1.9% QoQ.
Premier Energies: Q3 performance below estimates; order book saw a marginal QoQ decline.
Adani Total Gas: Margin remained flat at 20.3%; net profit declined 3.3% QoQ.
Gujarat State Petronet: EBITDA fell 1.2% QoQ; revenue declined 2.7% QoQ.
Suryoday Small Finance Bank: Net NPA increased to 6.69% from 5.93% QoQ; NII rose 3% YoY.
Syngene International: Margin declined to 22.8% from 30% YoY; EBITDA down 26% YoY.
HG Infra Engineering: CBI and Anti-Corruption Bureau conducted search operations at company offices.
EKI Energy Services: Reported EBITDA loss versus profit YoY; revenue declined 75% YoY.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top stocks to watch today, October 29: M&M Financial, Adani Green, Adani Total Gas, Tata Capital and more

Aman Shukla — Wed, 29 Oct 2025 03:01:55 +0000

Indian stock markets are likely to remain stock-specific on October 29, with several companies in focus following quarterly results, project updates, and regulatory developments. Here’s a look at the key stocks expected to be in action today:

Top Stocks to Watch Today

M&M Financial Services: Q2 results above estimates; NIM up 23 bps QoQ; NII rises 23% YoY.
Tata Capital: In-line quarter; NII up 17%; PPOP increases 12% YoY.
Adani Green Energy: EBITDA up 17.4% YoY; margin improves to 86.5% vs 73.8%.
Happiest Minds: EBIT rises 6.3%; revenue up 4.3% QoQ.
CreditAccess Grameen: NII up 5%; NIM expands 50 bps QoQ.
DCM Shriram: EBITDA up 70.8%; margin improves to 9.4% vs 6.1% YoY.
CAMS: All-time high quarterly revenue, up 6.4% QoQ; EBITDA up 8.6%.
Go Digit: Net earned premium up 10.4% YoY; combined ratio down 80 bps.
Premier Energies: EBITDA up 47%; margin improves to 30.5% vs 24.9% YoY.
Blue Dart: EBITDA up 15.6% YoY; margin at 16.3% vs 15%.
Sundram Fasteners: EBITDA up 3%; revenue rises 2.4% YoY.
Aeroflex Industries: EBITDA up 27%; margin improves to 23.24% vs 21.44% YoY.
Blue Cloud Softech Solutions: Signs $15 million (₹133 crore) MoU with US-based Byte Eclipse for Edge AI chip development.
Jindal Steel & Power: Q2 below estimates; weak realisations and higher costs impacted results.
Shree Cement: Operating performance missed expectations.
Adani Total Gas: EBITDA down 3.5% YoY; margin at 18.7% vs 23.2%.
Star Health: Operating loss vs profit YoY; combined ratio up 80 bps.
Ideaforge Technologies: EBITDA down 28.9%; net profit falls 41.3% YoY.
AMCs: SEBI’s proposal to lower expense ratios and brokerage fees could affect HDFC AMC, Nippon AMC, and other fund houses.

Top Q2 results today, October 28: TVS Motor Company, Adani Green Energy, Tata Capital, Jindal Steel, Shree Cements, Adani Total Gas and more to announce earnings

Aman Shukla — Tue, 28 Oct 2025 02:48:12 +0000

Over 60 companies are scheduled to release their Q2FY26 results today, October 28, 2025, making it one of the busiest earnings days of the season. Investors will be closely tracking performance across sectors like automobiles, energy, cement, and financial services.

Major firms set to announce their quarterly results include TVS Motor Company, Adani Green Energy, Tata Capital, Jindal Steel, Shree Cements, Adani Total Gas, and Premier Energies. Other key names on the list are Mahindra & Mahindra Financial Services, Star Health, Go Digit General Insurance, Sundram Fasteners, and CreditAccess Grameen.

Tech and logistics players such as Blue Dart Express, Newgen Software Technologies, Happiest Minds Technologies, and CarTrade Tech will also declare their earnings. Additionally, Aditya Birla Real Estate, DCM Shriram, ICRA, and Raymond Realty are among the companies scheduled to report their Q2 performance.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

Adani Total Gas and Jio-bp partner to revolutionize auto fuel retail in India

Aman Shukla — Wed, 25 Jun 2025 08:18:45 +0000

In a major development for India’s energy and mobility sector, Adani Total Gas Ltd. (ATGL) and Jio-bp (the mobility brand of Reliance BP Mobility Ltd.) have signed a strategic agreement aimed at transforming the auto fuel retail landscape across the country.

Under the new partnership, select ATGL fuel stations will begin retailing Jio-bp’s high-performance petrol and diesel, while ATGL’s CNG dispensing units will be integrated into select Jio-bp outlets within ATGL’s authorised Geographical Areas (GA). This unique synergy will expand access to a full spectrum of clean and efficient fuel options, improving service for millions of Indian motorists.

ATGL, a joint venture between Adani Group and TotalEnergies, is one of India’s largest city gas distribution (CGD) companies. It currently operates over 650 CNG stations, providing natural gas to households, commercial establishments, and the transport sector. The company also offers Compressed Biogas (CBG), EV charging, and LNG solutions.

Jio-bp, a joint venture between Reliance Industries Limited and bp, has a robust network of over 2,000 retail outlets nationwide. The company focuses on fuel retailing, mobility solutions, and low-carbon alternatives, including EV infrastructure and advanced convenience formats.

The agreement covers both existing and future stations, enhancing operational efficiencies and customer convenience. It’s a strategic move that combines infrastructure, technology, and market reach to accelerate the adoption of cleaner, high-quality fuels in India.

This collaboration marks a pivotal moment in the journey of both companies toward sustainable energy transition, offering consumers more choices and a superior fuel retail experience.

Adani Stocks Rally: Adani Total Gas up 3%, Adani Green up 2.50%, Adani Wilmar up nearly 2% ahead of Q4 Results today

Aman Shukla — Mon, 28 Apr 2025 05:29:11 +0000

Shares of Adani Green Energy (NSE: ADANIGREEN), Adani Total Gas (NSE: ATGL), and Adani Wilmar (NSE: AWL) recorded notable gains of up to 3% in early trade today, ahead of the companies’ Q4 FY25 results.

Adani Green Energy Share Performance

Adani Green Energy shares opened at ₹915.35 on the NSE, reaching an intraday high of ₹936.90 and a low of ₹909.15. The stock is currently trading well below its 52-week high of ₹2,174.10, but remains above its 52-week low of ₹758.00.

Adani Total Gas Share Performance

Adani Total Gas shares opened at ₹600.00, with a session high of ₹618.60. The stock did not dip below its opening price today, maintaining a low of ₹600.00. Over the past 52 weeks, the share price has fluctuated between a high of ₹1,190.00 and a low of ₹532.60.

Adani Wilmar Share Performance

Adani Wilmar shares opened at ₹273.75, hitting an intraday high of ₹279.30 and a low of ₹271.00. The company’s stock is trading above its 52-week low of ₹231.55, but remains significantly below its 52-week high of ₹403.95.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Q4 results today, April 28: Adani Total Gas, Central Bank of India, TVS Motor, UltraTech Cement others to announce earnings

Aman Shukla — Mon, 28 Apr 2025 01:30:30 +0000

Indian stock markets faced sharp declines on Friday, April 26, 2025. The BSE Sensex ended the day at 79,212.53, down 589 points or 0.74%, while the NSE Nifty50 closed at 24,039.35, shedding 207 points or 0.86%.

Several prominent companies are scheduled to announce their Q4FY25 financial results today, April 28. Investors and analysts will closely monitor these earnings reports for insights into corporate performance and future market trends.

Companies Releasing Q4FY25 Results – April 28, 2025

Aditya Birla Sun Life AMC Ltd
Adani Green Energy Ltd
Adani Total Gas Ltd
AWL Agri Business Ltd
Benares Hotels Ltd
Castrol India Ltd
Consolidated Construction Consortium Ltd
Central Bank of India
CSB Bank Ltd
Dolphin Offshore Enterprises (India) Ltd
Fino Payments Bank Ltd
Firstsource Solutions Ltd
Go Digit General Insurance Ltd
Greenply Industries Ltd
Hatsun Agro Product Ltd
Hexaware Technologies Ltd
IDBI Bank Ltd
IIFL Capital Services Ltd
Indegene Ltd
Indian Railway Finance Corporation Ltd
KFin Technologies Ltd
KPIT Technologies Ltd
Nippon Life India Asset Management Ltd
Oberoi Realty Ltd
PNB Housing Finance Ltd
RPG Life Sciences Ltd
Sanghi Industries Ltd
Shree Digvijay Cement Company Ltd
TANFAC Industries Ltd
TVS Holdings Ltd
TVS Motor Company Ltd
UCO Bank
UltraTech Cement Ltd
Vimta Labs Ltd

Disclaimer: The above views are based on publicly available information and announcements. They do not constitute investment advice. Please make any and every investment decision after consulting your financial advisor.

Adani Total Gas shares drop 4% as profit declines 19.4% YoY in Q3 FY25

Aman Shukla — Mon, 27 Jan 2025 09:07:33 +0000

Adani Total Gas Ltd. (ATGL) shares fell 4% after the company released its financial results for the quarter ended December 31, 2024. As of 2:34 PM, the shares were trading 2.86% lower at Rs 623.15.

In Q3 FY25, the company recorded revenue of ₹1,400.88 crore, up 12.5% from ₹1,244 crore in Q3 FY24. Despite revenue increase, the company’s profit after tax (PAT) decreased by 19.4% to ₹142.38 crore, from ₹176.64 crore in the same period last year.

ATGL’s revenue increased by 6.3% compared to the previous quarter, reaching ₹1,318.37 crore in Q2 FY25. However, PAT declined by 23.3%, from ₹185.60 crore in Q2 FY25.

ATGL’s revenue for the nine-month period ending December 31, 2024 was ₹3,958.31 crore, up 11.2% from ₹3,558.12 crore the previous year. However, net profit was flat at ₹499.82 crore, compared to ₹499.54 crore the prior year. The company’s mixed performance, with solid revenue growth but declining profits, has investors closely monitoring its future financial health.

Adani Total Gas opened at 640.95, reaching a high of 640.95 and a low of 611.70 today. The stock has seen significant fluctuations over the past 52 weeks, with a 52-week high of 1,190.00 and a 52-week low of 545.75.

Adani Group stocks: Adani Green up 20.96%, Adani Total Gas rises 28.01%, Adani Enterprises gains 7.10% this week

News Desk — Sun, 01 Dec 2024 03:45:41 +0000

Adani Group stocks have delivered a stellar performance during the week of November 25–29, 2024, with several companies posting significant gains. The positive momentum across the group’s portfolio has attracted investor attention as many stocks recorded double-digit percentage increases.

Adani Green Energy Ltd led the pack with an impressive weekly gain of ₹227.85, translating to a 20.96% increase, closing at ₹1,315.05. The surge highlights continued optimism in the renewable energy sector.

Adani Energy Solutions Ltd also witnessed strong buying interest, rising ₹140.25 (20.50%) to end the week at ₹824.55. The company has seen increased focus due to growth in energy infrastructure and solutions.

Meanwhile, Adani Total Gas Ltd emerged as one of the top performers, gaining ₹176.30 (28.01%) to close at ₹805.80, reflecting strong demand for clean energy stocks. Adani Power Ltd followed closely, with a gain of ₹81.65 (17.32%), taking its closing price to ₹553.15.

Adani Enterprises Ltd, the group’s flagship company, rose ₹162.80 (7.10%) this week, ending at ₹2,457.00. Despite the comparatively smaller percentage gain, it remains a key driver for the group’s overall market performance.

Adani Wilmar Ltd, focused on food products and FMCG, added ₹16.15 (5.42%) to its value, closing at ₹314.00. Adani Ports and Special Economic Zone Ltd also recorded a modest gain of ₹14.25 (1.21%), ending at ₹1,187.50, highlighting steady growth in logistics and port operations.

The rally across the Adani Group stocks comes amidst broader market optimism and sectoral tailwinds, with investors maintaining confidence in the group’s diversified portfolio.

Weekly Performance Table

Stock	Closing Price (₹)	Weekly Gain (₹)	Weekly Gain (%)
Adani Green Energy Ltd	1,315.05	227.85	20.96
Adani Energy Solutions Ltd	824.55	140.25	20.50
Adani Ports and Special Economic Zone Ltd	1,187.50	14.25	1.21
Adani Enterprises Ltd	2,457.00	162.80	7.10
Adani Total Gas Ltd	805.80	176.30	28.01
Adani Wilmar Ltd	314.00	16.15	5.42
Adani Power Ltd	553.15	81.65	17.32

Disclaimer:

This article is for informational purposes only and should not be interpreted as financial or investment advice. Readers are advised to consult with a professional financial advisor before making any investment decisions.

Adani Total Gas’ market cap decreases by Rs 1,780 crore as shares fall 2.37% today – Know More

Aditya Bhagchandani — Mon, 18 Nov 2024 08:58:50 +0000

Shares of Adani Total Gas experienced a decline of 2.37% today, closing at Rs 667.70, down from the previous close of Rs 683.90. This resulted in an approximate market capitalization loss of Rs 1,780 crore, bringing the total market cap to Rs 73,434.32 crore.

Key Trade Highlights:

Traded Volume: 9.73 lakh shares
Traded Value: Rs 64.43 crore
% of Deliverable/Traded Quantity: 24.10%

Price Movements:

52-Week High: Rs 1,259.40 (08-Dec-2023)
52-Week Low: Rs 527.00 (20-Nov-2023)
Day’s High/Low: Rs 673.00 / Rs 652.15

Adani Total Gas, a prominent player in the LPG/CNG/PNG/LNG Supplier sector and part of the NIFTY NEXT 50 index, continues to reflect the volatile nature of energy-related stocks.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Adani Total Gas shares fall 3% after company faces 13% cut in gas allocation

Aman Shukla — Mon, 18 Nov 2024 04:30:02 +0000

Adani Total Gas shares dropped by 3% following the announcement of a 13% reduction in its gas supply from GAIL (India), effective from November 16, 2024.

This comes after a 16% cut in October under the Administered Price Mechanism (APM). The company has cautioned that these supply cuts will negatively impact its profitability, causing investor concern.

In a regulatory filing, the company shared, “This reduction impacts the entire City Gas Distribution (CGD) industry. While discussions with key stakeholders are ongoing, this will have an adverse impact on the company’s profitability.”

As of 9:58 am, Adani Total Gas shares were trading 2.80% lower at Rs 664.75 on the NSE.

Adani Total Gas shares jump 10% on solid Q2 FY25 Results

Aman Shukla — Thu, 24 Oct 2024 09:43:19 +0000

Adani Total Gas shares jumped more than 10% after the company announced its solid Q2 FY25 financial results. The firm reported significant year-on-year (YoY) growth in both revenue and net profit, reflecting its strong market position and operational efficiency.

Key Financial Highlights (YoY):

Revenue: Adani Total Gas recorded revenues of ₹1,318.37 crore in Q2 FY25, marking a 12% increase from ₹1,178.77 crore in Q2 FY24.

Net Profit: The net profit for Q2 FY25 stood at ₹195.60 crore, compared to ₹172.68 crore in the same quarter last year, translating to a commendable 13% YoY growth.

As of 3:14 pm, Adani Total Gas shares were trading 9.83% higher at Rs 769.30 on the NSE.

Adani Total Gas shares fall nearly 2% after domestic gas allocation cut

Aditya Bhagchandani — Fri, 18 Oct 2024 03:57:47 +0000

Adani Total Gas Ltd shares dropped by nearly 2% today after the company announced a 16% reduction in its Administered Price Mechanism (APM) domestic gas allocation from GAIL (India) Ltd. The cut, effective October 16, 2024, is expected to impact the company’s supply of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG).

The company acknowledged that this reduction will likely affect profitability. In response, Adani Total Gas is working to optimize its operations to ensure uninterrupted gas supply to customers. The company is also considering retail price adjustments to mitigate the financial impact of the reduced allocation.

This move is part of an industry-wide adjustment, and the company is engaging with other stakeholders to manage the situation while supporting the growth of CNG vehicles in India.

As of 9:22 am, the shares were trading 1.84% lower on the NSE.

Adani Total Gas faces 16% reduction in domestic gas allocation

Aditya Bhagchandani — Fri, 18 Oct 2024 01:54:48 +0000

Adani Total Gas Ltd has announced that it has received a notification from GAIL (India) Ltd regarding a 16% reduction in its Administered Price Mechanism (APM) domestic gas allocation, effective from October 16, 2024. This reduction affects the company’s supply of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG).

The company noted that the reduction in gas allocation will have an adverse impact on its profitability. Despite this, Adani Total Gas is taking measures to optimize profitability and ensure uninterrupted gas supply to its customers. The company is also evaluating potential adjustments in retail pricing to mitigate the effects of this reduced allocation.

This reduction is part of an industry-wide move, and the company, along with other stakeholders, is working to resolve the situation in the best interest of consumers and to support the continued growth of CNG vehicles in India

Here’s why Adani Total Gas stock jumps 6.22% in early trade – Check out the reason behind the surge

News Desk — Mon, 23 Sep 2024 03:53:53 +0000

At 9:20 am, Adani Total Gas (ATGL) saw its stock rise by 6.22%, trading at ₹837.75 in early trade, after securing its maiden global debt financing of $375 million for network infrastructure development. The company entered into a financing framework with global lenders to fund future growth plans. The initial commitment of $315 million, with the potential for enhancement, includes participation from major international banks such as BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.

This funding will expedite ATGL’s capital expenditure program, enabling rapid expansion of its city gas distribution (CGD) network across 34 authorized geographical areas, covering up to 14% of India’s population. This expansion aims to bolster the penetration of piped natural gas (PNG) and compressed natural gas (CNG), supporting India’s transition to a gas-based economy.

Adani Total Gas secures approximately Rs 3,131.63 crore financing from global lenders

Aman Shukla — Fri, 20 Sep 2024 13:39:03 +0000

Adani Total Gas Ltd (ATGL) has recently informed exchanges that the company has secured finance from global lenders. AATGL has entered into an overall financing framework, allowing it to receive future funding based on its business plan.

The maiden financing of USD 375 million with international lenders includes an initial commitment of USD 315 million, with an accordion feature to boost commitments. Five international lenders participated in the initial financing which includes BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.

The facility will accelerate the capital expenditure program, allowing ATGL to quickly expand its CGD network into its 34 authorized Geographical Areas (GAs) across 13 states. This development agenda will serve up to 14% of India’s population, totalling more than 200 million people. The extension will increase the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, creating an ecosystem for a gas-based economy.

In the exchange filing, the company also shared, “ATGL remains steadfast in its approach to lead the energy transition in India by fuelling increased usage of PNG and CNG to replace high carbon intensive conventional fuel sources and thereby creating a positive impact on environment. PNG and CNG usage offer a convenient, cost-effective, reliable and eco-friendly fuel and will further support the Government’s vision of increasing the share of natural gas in the energy basket from 6% to 15% by 2030.”

Adani stocks lead market rally: ATGL, AdaniENSOL, Adani Power among top gainers

Arunika Jain — Mon, 03 Jun 2024 04:36:49 +0000

The Indian stock market opened on a strong note, with the S&P BSE Sensex hitting a record high of 76,511.45 and the NSE Nifty 50 reaching an all-time high of 22,611.45. Amidst this bullish sentiment, fueled by exit polls predicting a victory for the Bharatiya Janata Party (BJP), Adani Group stocks have witnessed significant gains.

Adani Total Gas Limited (ATGL) shines

Adani Total Gas Limited (ATGL) has emerged as one of the top performers, currently trading at Rs. 1,127.20, up by an impressive Rs. 87.90 or 8.46%. The company’s strong performance can be attributed to its strategic focus on expanding its gas distribution network and the growing demand for cleaner energy solutions.

Adani Wilmar Limited (AWL) gains momentum

Another Adani Group stock, Adani Wilmar Limited (AWL), is trading at Rs. 367.70, up by Rs. 11.95 or 3.36%. AWL, a joint venture between Adani Enterprises and Wilmar International, has benefited from its diversified portfolio of essential kitchen commodities and its expanding presence in the FMCG sector.

Adani Energy Solution (AdaniENSOL) powers ahead

Adani Energy Solution (AdaniENSOL), formerly known as Adani Transmission, is trading at Rs. 1,221.15, up by Rs. 98.35 or 8.76%. The company’s robust performance can be attributed to its strategic investments in power transmission infrastructure and its focus on renewable energy integration.

Adani Power surges on improved prospects

Adani Power, the group’s thermal power generation arm, is trading at Rs. 864.15, up by a substantial Rs. 108.35 or 14.34%. The surge in Adani Power’s stock price reflects the company’s efforts to improve operational efficiency and its growing presence in the power generation sector.

Adani Green rides the renewable energy wave

Adani Green, the renewable energy subsidiary of the Adani Group, is trading at Rs. 2,030.15, up by Rs. 121.80 or 6.38%. The company’s strong performance highlights the increasing global focus on renewable energy and Adani Green’s ambitious plans to expand its clean energy portfolio.

Adani Enterprises leads the pack

Adani Enterprises, the flagship company of the Adani Group, is trading at Rs. 3,696.25, up by Rs. 284.90 or 8.35%. The company’s diverse business interests, including ports, logistics, mining, and solar manufacturing, have contributed to its robust performance.

Adani Ports rides the infrastructure wave

Adani Ports, India’s largest private port operator, is trading at Rs. 1,579.70, up by Rs. 142.30 or 9.90%. The company’s strong performance can be attributed to its strategic port locations, efficient operations, and the expected boost in trade and infrastructure development following the projected BJP victory.

The surge in Adani Group stocks reflects the overall positive sentiment in the Indian stock market, driven by the exit poll predictions and the anticipation of a stable government. However, investors should exercise caution and consider various factors, such as company fundamentals, market conditions, and their own risk tolerance, before making investment decisions.

As the actual election results are yet to be announced, it is crucial for investors to keep a close eye on market developments and make informed decisions based on a comprehensive analysis of the political and economic landscape. The Adani Group’s strong performance amid the market rally highlights its resilience and growth potential, but as with any investment, thorough research and due diligence are essential.

Stock prices as on June 3, 9:51AM.

List of companies owned by Gautam Adani

Matrika Shukla — Wed, 13 Mar 2024 16:47:51 +0000

24th on the Forbes’ 2023 Billionaires’ List, Gautam Adani is the chairperson of the Adani Group which has interests in power generation and transmission, ports, airports, and green energy, among other things. Starting as a commodities trading company in 1988, the Adani Group grew through acquisitions and with the backing of Indian Prime Minister Narendra Modi.

In addition to running the largest airport in India, Adani also owns and operates Gujarat’s Mundra Port.

Here’s a list of companies owned by the Adani Group:

Adani Enterprises

Adani Enterprises is the most significant division of the Adani business. It is a holding company that focuses on the independent mining and trading of coal and iron ore. It also acts as an incubator for Gautam Adani’s numerous other startup companies. Adani Wilmar (food processing), Adani Airport Holdings (airport operations), and Adani Road Transport (road development) are the three primary subsidiaries of Adani Enterprise.

Gautam Adani has various other business interests, which are listed through its other subsidiaries under Adani Enterprise. This covers the production of solar PV modules, data centres, water infrastructure, agri-output storage and distribution, bunkering, rail and metro infrastructure, financial services, real estate, oil exploration, petrochemicals, and cement, as well as defence and aerospace.

Adani Green Energy

Adani Green Energy is one of Gautam Adani’s other significant companies on this list. It is the group’s division for renewable energy. Its portfolio includes solar and wind power plants. It should come as no surprise that Adani Green Energy is, in terms of capacity, the largest solar power developer in the world. They generate 12.3 GW in total capacity. Three additional subsidiary companies that were founded in 2022 further expand this. Adani Renewable Energy Thirty-Six Limited, Adani Renewable Energy Forty Limited, and Adani Renewable Energy Forty-Seven Limited are the new companies.

Adani Ports & SEZ

Additionally, the Adani chairperson developed Adani Ports & SEZ (APSEZ) and increased the company’s port operations. This is India’s largest special economic zone and private port company. Ten ports and terminals located in Dhamra, Odisha; Kattupalli, Tamil Nadu; Vizhinjam, Kerala; and Mundra, Dahej, and Hazira, Gujarat are included in this business. The largest port of all is Mundra Port. As CEO of APSEZ, Karan Adani, the businessman’s son, oversees all operations. Port administration, logistics, and the special economic zone are among the activities conducted at APSEZ.

Adani Power

Adani Power was founded in 1996 and develops and maintains power projects. With a total installed capacity of 12,450 MW, it is the biggest power generation company in the private sector in the nation. In India, the company is working on four thermal power projects.

Adani Transmission

Adani Transmission is the next company on Gautam Adani’s list of owned businesses. The company was established in 2013 and is responsible for the commissioning, upkeep, and operations of electric power transmission systems. The data indicates that it is the biggest power transmission and distribution network in the private sector in India. As of May 2021, 17,200 circuit kilometres of transmission lines with voltages ranging from 400 to 765 kilovolts are maintained, managed, and sustained by the company.

Adani Total Gas

Adani Total Gas is a joint venture between the Adani Group and TotalEnergies, a French oil and gas company, that serves both industrial and residential customers in India. The service is offered by a city gas distribution company through compressed natural gas stations and piped natural gas connections. As of November 2020, it was present as a stand-alone entity in 22 geographical areas (GAs). Indian Oil-Adani Gas Pvt. Ltd. is a joint venture between Adani Total Gas and Indian Oil Corporation. In 19 GAs, it runs city gas distribution networks. When combined with its other business, Adani Total Gas is present in 74 districts with 41 GAs. It is now India’s biggest city gas operator.

Adani Wilmar

Adani Enterprises and Wilmar International, proprietors of the Fortune brand of edible oils, merged to form Adani Wilmar (AWL). The business bought the “Kohinoor” brand from McCormick Switzerland GMBH in May 2022.

In addition to overseeing several businesses, business magnate Gautam Adani is passionate about giving back to the community. To combat the COVID-19 pandemic, the company gave INR 100 crore (about US $13 million) to the PM CARES Fund in 2020. They also donated to the Maharashtra CM Relief Fund and the Gujarat CM Relief Fund. Additionally, the COVID-19 vaccination costs incurred by the staff members and their families were reimbursed by the company.

Top Stocks This Week: Adani Green, Adani Total Gas, Adani Trans, Paytm, HDFC Life, SBI Life

Markets Desk — Sat, 25 Mar 2023 04:11:36 +0000

Markets this week continued to remain tepid amid weak global cues after the 25 bps hike rate hike by the US Federal Reserve. The Indian equity benchmark indices Sensex and Nifty posted the third straight week, down 1% each. The Sensex on Friday closed lower by 398 points or 0.7% at 57,527, while the Nifty declined 0.7% to end at 16,945.

34 out of the 50 stocks in the Nifty ended the week in the red, with Adani Enterprises, Adani Ports, Coal India, HCL Tech being the top losers this week. On the flipside, HDFC Life, SBI Life and ICICI Bank were the top gainers this week.

Top Stocks This Week:

Adani Green Energy: Shares of Adani Green Energy were among the top gainers in the list of top 100 stocks, up 26% this week, ending the week at Rs 1,029.

Adani Total Gas: Shares of Adani Total Gas surged 12.2% this week and ended the week higher at Rs 1,007.

Adani Trans: Shares of Adani Transmission gained more than 10% this week despite volatility in the markets. Adani Transmission shares ended the week higher at Rs 1,124.

Paytm: Shares of Paytm surged a little over 7% this week even when tech stocks around the world had a tough run amid the ongoing crisis. Paytm’s shares surged 7.17% this week to end at Rs 619.

HDFC Life/SBI Life: Shares life insurers HDFC Life and SBI Life gained over 4% and 3% respectively this week, even when other frontline stocks continued to remain under pressure. Experts feel that the amendments to the Debt MFs will become marginally positive for insurers.

Adani Total Gas was the most impacted with a $132 billion loss, but no respite insight

Sakshi Vats — Mon, 20 Feb 2023 06:54:18 +0000

Since the explosive Hindenburg Research report, the market value of Adani Group stocks has lost more than $132 billion, but none has been hammered more than Adani Total Gas Ltd.

Since the short seller report was released on January 24th, the company’s shares have lost more than three-quarters of their value. Prior to that, it had the highest stock valuation in the group and was also considerably less liquid. Hindenburg estimated that, on average, the value of seven of the conglomerate’s shares was inflated by 85%.

In the opening hours of trade on Monday, Adani Total was down to its limit. Since January 27, according to data gathered by Bloomberg, it has done so every day. As the selloff grew worse, Indian markets changed the daily cap for the stock to 5% from 20%.

According to Abhay Agarwal, a fund manager of Piper Serica Advisors Pvt., Adani Total Gas “is under fundamental as well as technical pressure, which has led to the decline.” The problems peculiar to the company have increased, and the decline in European gas prices “will put pressure on the profitability,” he warned.

Even while the equities market shock from claims of stock manipulation and accounting fraud made by Hindenburg is beginning to subside, concerns regarding the Adani Group’s access to foreign financing continue.

Although billionaire Gautam Adani and his businesses have taken action, including repaying debt and promising to lower leverage ratios, investors are nonetheless concerned about the debt and cashflow levels.

A multi-billion dollar plan to manufacture green hydrogen with Adani Group was put on hold following the publication of the Hindenburg report, which was a setback for the gas unit of the French energy giant TotalEnergies SE. The amount of debt owed by Adani Total Gas is another issue.

According to an exchange filing, the business will have combined maturing debt obligations in the fourth quarters of its fiscal years 2023 and 2024 that are greater than its cash balance. But it also has Rs 9.32 billion in cash flow from assets.

According to statistics gathered by Bloomberg, the stock’s float, or the portion that is available to trade on the open market, is around 19 percent.That is the lowest in the group, following Adani Wilmar Ltd. MSCI Inc. decreased the amount of the company’s freely tradable shares in its most recent quarterly index review, although the implementation has since been postponed.

List of Asia’s top 5 wealthiest people [2021]

Adarsh Chaturvedi — Fri, 02 Jul 2021 12:44:37 +0000

Here’s the list of Asia’s top five richest people in 2021.

1. Mukesh Ambani

Mukesh Ambani is the chairman, managing director and largest shareholder of energy and telecom giant Reliance Industries. He also has interests in petrochemicals, oil and gas, telecom and retail and has seen a surge in value over the last year. His fortune stands at a huge 84.5 billion USD. He has moved up the ranks to the 10th spot, after ranking at number 21 in 2020. He quoted, “Anything and everything that can go digital is going digital. India cannot afford to be left behind.” Mukesh is Asia’s and India’s richest man.

2. Gautam Adani and Family

Gautam Adani controls Mundra Port which is the largest in India, in his home state Gujarat. He owns Adani Enterprises, Adani Green, Adani Total Gas, Adani Power. He has a net worth of 66.5 billion dollars USD. On May 21, 2021, Bloomberg reported that he is the second richest man in Asia.

3. Zhong Shanshan

He chairs Nongfu Spring, a bottled water company which is listed its shares in Hong Kong in September 2020. He was the third richest man in 2020. Zhong’s wealth rapidly growing from two billion USD to 68.9 billion USD in twelve months spotted him in number 14 in global rank.

4. Ma Huateng

He chairs Chinese Internet giant Tencent Holdings which is ranked among the nation’s largest businesses by market cap. Ma Huateng is the richest person in China for the third year in a row along with climbing from 290th to 15th spot in the global rankings. His net worth is 65.8 billion USD.

5. Colin Huang Zheng

He is the chairman of online discounter Pinduoduo which is one of China’s largest e-commerce sites. Colin climbed from 57 to 21st rank in the global rankings. He quoted, “I got to learn how to manage and accepted the status of being rich before I got rich.” Colin Huang Zheng has a net worth of 55.3 billion USD.