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Adani Total Gas Ltd. ( (IN:ATGL) ) has issued an announcement.
Adani Total Gas Ltd. has announced a reduction in its allocation of Administrative Price Mechanism (APM) priced domestic gas by 15%, effective April 16, 2025, as informed by the nodal agency, GAIL (India) Ltd. This reduction will be compensated by the higher-priced New Well Gas (NWG), which is expected to adversely affect the company’s profitability. Adani Total Gas Ltd. is actively exploring measures to mitigate this impact on its financial performance.
More about Adani Total Gas Ltd.
Adani Total Gas Ltd. operates in the energy sector, primarily focusing on the distribution of natural gas. The company is involved in the development of city gas distribution networks to supply piped natural gas to industrial, commercial, and residential customers, as well as compressed natural gas for vehicles.
YTD Price Performance: -21.01%
Average Trading Volume: 73,238
Current Market Cap: 651.1B INR
For detailed information about ATGL stock, go to TipRanks’ Stock Analysis page.