Introduction
Adani Total Gas Company, a part of the Adani Group owned by Gautam Adani, has been awarded a major order by the Ahmedabad Municipal Corporation. This news has resulted in a surge in the shares of Adani Total Gas Company.
Shares of Adani Total Gas Company
Shares of Adani Total Gas Company are trading 2 percent higher at Rs 649.80 in Wednesday’s trading session. The stock continues to witness strong buying activity. Today, on Thursday, September 7, 2023, the shares of Adani Total Gas Company are trading at Rs 648.45 with an increase of 0.58 percent.
Order details
Adani Total Gas Company has received an order from the Ahmedabad Municipal Corporation to build a 500 TPD Bio CNG plant in Ahmedabad, Gujarat. The company will also handle the design, financing, and operation of the gas plant for the next 20 years. This project is being developed under a public-private partnership in Ahmedabad city.
About Adani Total Gas Company
Adani Total Gas Limited is the leading supplier of CNG and PNG in India. The company supplies PNG gas to domestic, industrial, and commercial customers, as well as CNG gas to the transport sector. In the June 2023 quarter, the company reported a net profit of Rs 147.69 crore, showing a growth of 7.1 percent compared to the previous year.
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