Adani Total Gas launches first EV charging station in Ahmedabad; Stock spurts 2.5%

28 Mar 2022 , 01:15 PM

Adani Total Gas Ltd. has forayed into the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad, according to media reports on Monday.

At around 1.18 pm, Adani Total Gas Ltd was trading at Rs2,106.70 per share up by Rs53.05 or 2.58% from its previous closing of Rs2,053.65 per share on the BSE. The scrip opened at Rs2,103 and has touched a high and low of Rs2,224 and Rs2,082.80 respectively.

“The commencement of EV business with setting up the first charging station in Ahmedabad is yet another milestone for Adani Total Gas to provide a choice of newer green fuel to the larger consumer base in India while timely ceasing an emerging business opportunity aligned to our vision to offer sustainable fuelling solutions on across all major cities and towns in India,” Suresh P Manglani, CEO of Adani Total Gas (ATGL) was quoted by a PTI report.

The company aims to expand its network by setting up 1,500 EV charging stations across the country, and has kept an expansion plan ready to move beyond 1,500 EVCS, based on the demand generation and momentum building of the EV ecosystem in the country.

Adani Total Gas Ltd. is a joint venture of Adani Group and French energy giant TotalEnergies SE.