In the past one month, Adani Gas outperformed the market by surging 23 per cent against a 2 per cent rise in the S&P BSE Sensex.
With the buyout of GVK's stake in Mumbai airports, the Gujarat-based group's presence in infrastructure is unmatched by any player, even globally, but debt exposure remains a risk
45 stocks under watch after reports of unauthorized trading tips being exchanged on messaging platforms
According to report, the transaction under which Adani Group will acquire 50.5 per cent of GVK Group could be announced before next week
Adani Gas said piped natural gas home connections increased to 4.38 lakh (979 new connections in Q1 FY21). Commercial and industrial connections increased to 4,448 during the period under review
Earnings before interest, tax, depreciation, and amortisation was at Rs 86 crore - a hit of 41 per cent
Gas sales volumes dropped to 64 million standard cubic meters in the first quarter of fiscal year beginning April 2020, from 137 mmscm in the same period a year back.
According to an analysis by ICICI Direct, about a dozen stocks currently meet the inclusion criteria for trading in the derivatives segment
Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs
With demand from industrial, commercial and transportation down, the hit on volumes is expected to be higher for the June quarter
The new price for domestic natural gas is the lowest in six years since the Narendra Modi government introduced the new pricing formula in November 2014
Subdued gas prices will benefit IGL and MGL too, the two companies that have seen their share prices correct on fears of rising competition
Total had said late last year that CGD was a natural extension of the plans of both partners to invest in infrastructure and assets worth over $1 billion
The Supreme Court has upheld an award for piped gas distribution network in Chennai and Tiruvallur districts in Tamil Nadu to a Gujarat-based firm by the Petroleum and Natural Gas Regulatory Board (PNGRB). A bench of Justices D Y Chandrachud and Hemant Gupta dismissed the appeal filed by Adani Gas Limited and others and justified the action of PNGRB saying that calling the bidders with the highest composite scores cannot be faulted. The Board had granted the award for piped gas distribution network in Puducherry to AG & P LNG, in Chennai and Tiruvallur districts to Torrent Gas Private Limited and to SKN Haryana in Kanchipuram district in 2018. The top court said there is no merit in the submission that there was a breach of the principles of "natural justice" in calling only the bidders with the highest composite score to explain the reasonableness of their bids. "In the present situation, when the Board decided to call the bidders with the highest composite score in order to ...
The company clarified it had responded to regulators concerned and that there was no question of a penalty.
Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow
Other Adani Group stocks also declined in intra-day trade today. Adani Enterprises (down 5 per cent to Rs 219), Adani Green Energy (down 5 per cent to Rs 183), Adani power (down 1 per cent)
The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates given the future of natural gas business in India