Adani Total Gas Bags Order For 500 Tonne Per Day Bio-CNG Plant In Ahmedabad
Adani Total Gas Ltd., the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, has received a work order for a 500 tonne per day bio-CNG plant in Ahmedabad from the local city body.
The work order received from the Ahmedabad Municipal Corp. is to design, build, finance, and operate the plant on a public-private partnership model, the company said in an exchange filing on Wednesday.
The Bio-CNG plant will be set up at Pirana/Gyaspur, Ahmedabad, for a concession period of 20 years.
Adani Total Gas, in its latest annual report, announced an investment of Rs 18,000 crore to Rs 20,000 crore in the next eight to 10 years to expand infrastructure for retailing CNG to automobiles and piped gas to households and industries.
The company retails CNG to automobiles and pipes gas to household kitchens for cooking purposes in 52 licences that cover 124 districts of the country. It has 460 CNG stations in the country and about 7 lakh consumers of its piped cooking gas.
It is looking to expand its network of CNG stations as well as the pipeline network that takes the gas to household kitchens and industries to tap into the country's growing appetite for cleaner fuel.
Shares of Adani Total Gas ended 1.57% higher at Rs 643.35 apiece, compared with a 0.18% advance in the Nifty 50.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly-owned subsidiary of AMNL.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
