Adani Total Gas receives PNGRB approval to establish a city gas distribution network in Jalandhar, Punjab.
Adani Total Gas Ltd. received PNGRB approval to establish a city gas distribution network in Jalandhar, expanding its operations in Punjab. This move follows the acquisition of Jalandhar Gas Agency, bringing the total number of gas agencies under Adani's control to 34. The company's CGD revenue increased by 5.1%, and EBITDA rose by 49%. Adani Total Gas shares rose over 1% following the approval announcement.
June 26, 2024
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