Adani Total Gas gains on winning licenses to expand CGD network to 14 new GAs
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Adani Total Gas is currently trading at Rs. 1850.25, up by 28.10 points or 1.54% from its previous closing of Rs. 1822.15 on the BSE.
The scrip opened at Rs. 1843.00 and has touched a high and low of Rs. 1880.00 and Rs. 1806.05 respectively. So far 3711 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 1987.00 on 16-Dec-2021 and a 52 week low of Rs. 374.50 on 12-Feb-2021.
Last one week high and low of the scrip stood at Rs. 1890.00 and Rs. 1765.00 respectively. The current market cap of the company is Rs. 205213.56 crore.
The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 22.88% and 2.32% respectively.
Adani Total Gas has won licenses to expand its City Gas Distribution (CGD) network to 14 new Geographical Areas (GAs) in the recently concluded 11th round of CGD bidding by the Petroleum and Natural Gas Regulatory Board (PNGRB). The company is now the largest city gas distribution company catering to 52 GAs, 19 of which are operated along with its strategic JV partner Indian Oil Corporation. These 52 GAs account for 15% of the country covering 124 districts across 18 States and 3 UTs.
Adani Total Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.
