Adani Total Gas Limited (ATGL) has made headlines by securing the largest global financing in the city gas distribution (CGD) sector. The financing framework is expected to accelerate ATGL’s ambitious plans to expand its network across India, catering to 14% of the population, equivalent to over 200 million people. This financing underscores ATGL’s commitment to […]
Investment bank Jefferies Financial Group has raised its target price for Mahanagar Gas Limited, forecasting a significant 17% upside potential for the stock. The revised target price reflects Jefferies’ confidence in the natural gas distributor’s strategic initiatives, recent acquisitions, and overall market performance, which have made Mahanagar Gas a prominent player to watch in India’s […]
In a monumental stride toward realizing Hon’ble Prime Minister Shri Narendra Modi’s vision of a Natural Gas-based economy, the Hon’ble Union Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Shri Hardeep S Puri, today marked a pivotal moment by dedicating 201 Compressed Natural Gas (CNG) stations and India’s first small-scale Liquefied Natural […]
In a significant stride towards advancing sustainable energy solutions in Jharkhand, India’s Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Shri Hardeep Singh Puri, has inaugurated a landmark project that promises to transform the energy landscape of the region. The occasion was marked by the foundation stone laying for Hindustan Petroleum […]
Torrent Power, one of India’s leading integrated power utility companies, has embarked on a pivotal journey towards a greener future with the commencement of work on a Green Hydrogen (GH2) pilot project. The project involves blending GH2 with natural gas in the city gas distribution (CGD) network. It marks an important milestone in Torrent Power’s […]
Adani Total Gas Limited said that it has received letters of intent (LoI) from the Indian Petroleum and Natural Gas Regulatory Board (PNGRB) to develop city gas distribution (CGD) networks under the 11th CGD Bidding Round. The company bagged LOI for 11 geographical areas (Gas) across the states of Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, […]