Adani Total Gas shines as its arm commissions operations at phase 1 of Barsana Biogas Plant
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Adani Total Gas is currently trading at Rs. 967.25, up by 41.80 points or 4.52% from its previous closing of Rs. 925.45 on the BSE.
The scrip opened at Rs. 947.00 and has touched a high and low of Rs. 1000.00 and Rs. 944.90 respectively. So far 87663 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1259.90 on 08-Dec-2023 and a 52 week low of Rs. 521.95 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1000.00 and Rs. 910.15 respectively. The current market cap of the company is Rs. 106555.10 crore.
The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 19.20% and 6.00% respectively.
Adani Total Gas’ (ATGL) wholly-owned subsidiary -- Adani Total Energies Biomass (ATBL) has commissioned operations at phase 1 of its Barsana Biogas Plant, located in the Mathura district of Uttar Pradesh. The plant is located in the premises of Shre Mataji Gaushala. The Barsana Biogas Project has three project phases and would attain the overall capacity of 600 tons per day (TPD) of feedstock, generating over 42 TPD of Compressed Bio Gas (CBG) and 217 TPD of organic fertilizer upon full commissioning.
This plant will be India’s largest agri waste-based bio-CNG plant upon reaching full design capacity at phase-3. Project cost for all three project phases for the Barsana Biogas plant would be in excess of Rs 200 crore. This is ATBL’s first CBG production facility and marks a significant milestone in its journey towards a greener future. By utilizing advanced anaerobic digestion technology, the plant converts organic materials into renewable biogas, significantly reducing greenhouse gas emissions and reliance on fossil fuels, besides aiding to the nation’s fuel security and emission reduction goals.
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.
