Gujarat Gas shares jump 14% on merger plan; extend rally for 4th session
Gujarat State Petroleum Corporation, GSPC Energy, and Gujarat State Petronet will be merged into Gujarat Gas. The gas transmission biz will be listed as a separate entity.
city gas distribution
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Adani Total Gas starts production at Barsana biogas project; stock jumps 8%
Adani TotalEnergies Biomass, a subsidiary of Adani Total Gas, has begun operations at phase 1 of its Barsana Biogas Plant, located in UP.
Adani Total Gas shares rise post Q2; surge 7% in four sessions
For Q2 FY24, ATGL reported 8% YoY rise in consolidated net profit at ₹173 crore, while revenue from operations dropped 1% to ₹1,179 crore.
IRM Energy makes weak debut; lists at 5% discount over IPO price
IRM Energy shares debute at ₹477.25 on the NSE, down 5.5% against the issue price of ₹505. On the BSE, the stock opens at ₹479 per share
Adani Total Gas Q4 profit rises 21% to ₹98 cr; revenue climbs 12%
For FY23, the profit grew 7% to ₹546 crore, while revenue from operations jumped 46% to ₹4,683 crore, driven by higher volume and increase in sales price.
The Gas Revolution
India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070.
Rise Of India's Gas Economy
India is spending an astounding ₹3 lakh crore in nationwide pipelines, LNG terminals, city gas distribution and exploration to wean the nation away from coal to gas.
IGL, Adani Total, Gujarat Gas, MGL surge up to 7%; here’s why
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution to cool down the CNG and piped cooking gas prices
