Shares of Adani Total Gas Ltd rose by 6% on Monday, following the announcement that the company secured $375 million in funding from international lenders to expand its business. The stock surged to Rs 836.10 on the BSE, hitting an intraday high of Rs 854.65.
The company’s shares saw a significant rise on both the BSE and NSE. On the BSE, the stock jumped 6.02%, while on the NSE, it closed 5.19% higher at Rs 829.70. In total, 2.88 lakh shares were traded on the BSE, with 61.22 lakh traded on the NSE.
Adani Total Gas secured $375 million in financing from global banks, including BNP Paribas, DBS Bank, and Mizuho Bank. The funds will accelerate expansion into 34 geographical areas across 13 states, enhancing the company’s city gas distribution network. CFO Parag Parikh stated that this move will strengthen India’s gas-based economy.
The expansion will serve up to 14% of India’s population, increasing the availability of piped natural gas and compressed natural gas infrastructure.
Also Read: EPFO Adds Record 19.94 Lakh Members In July, Highest Since 2018
For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…
Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…
Maha Kumbh 2025 with preparations for the Maha Sammelan are in full swing as 13…
The MRM strongly endorsed Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat’s statement on temple-mosque disputes.…
For Maha Kumbh-2025, the Prayagraj Mela Authority has made extensive preparations to provide a clean…
Prime Minister Narendra Modi is all set to attend the Christmas celebrations at CBCI Centre…