Adani Total Gas informs about update

26 Jun 2024 Evaluate
As an update to intimation dated 3rd November 2020, pertaining to a Business Transfer Agreement (BTA) regarding acquisition of certain business undertakings pertaining to city gas distribution and retailing of CNG covering Jalandhar geographical areas (GA), Adani Total Gas has informed that the regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has accorded its approval, vide a letter dated 25th June 2024, for transfer of authorisation for establishing and operating City Gas Distribution Network in Jalandhar GA, in favor of the Company. PNGRB approval was an essential condition precedent in the BTA. With Jalandhar GA, the Company now has 34 GAs and enables the Company to have its footprint in the state of Punjab, in the gas distribution business to serve the consumers.

The above information is a part of company’s filings submitted to BSE.

Adani Total Gas Share Price

697.50 -3.50 (-0.50%)
19-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Gujarat Gas 506.25
Indraprastha Gas 389.70
Mahanagar Gas 1260.00
Adani Total Gas 697.50
Guj. State Petronet 371.10
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