Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries' newer fields in the KG-D6 block at an indicative price of $5.04 - 5.16 per unit, industry so
Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back
As the company continues to trade at a price higher that its peers in the same business, analysts call the offer an attractive one
The deal will be the largest foreign direct investment in India's city gas distribution
Adani and TOTAL have signed definitive agreements to deepen their existing partnership and commitment for developing multi-energy offerings to the Indian energy market.
The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players
The company has one fully operational MDO; two more MDOs have started and another seven are under development
The company also looks to advance work on the Gujarat and Rajasthan geographical areas
The stock surged 14% to Rs 88.70, its highest level since listing on November 5, 2018, on the back of heavy volumes on the BSE.
The stock is locked in upper circuit of 5% at Rs 73.70 on debut on the BSE on Monday.