Adani Total Gas wins licenses to develop city gas distribution network in 14 cities; Stock climbs 3%

31 Jan 2022 , 11:59 AM

Adani Total Gas Ltd stocks rally in the market on Monday after it has informed to the exchanges regarding Letters of Intent (LoI) for development of City Gas Distribution Network under 11th CGD Bidding Round.

As per regulatory filing, Adani Total Gas Limited participated in 11th CGD Bidding Round issued by Petroleum and Natural Gas Regulatory Board (PNGRB) and has received Letter of Intent (LoI) for below mentioned Geographical Areas (GAs):-

• Nagaon, Morigaon, Hojai, Karbi Anglong, West Karbi Anglong and Dima Hasao districts – Assam
• Kokrajhar, Dhubri, South Salmara-Mankachar and Goalpara districts – Assam
• Baksa, Barpeta, Bongaigaon, Chirang, Nalbari and Bajali districts – Assam
• Kabirdham, Raj Nandgaon and Kanker districts – Chhattisgarh
• Mungeli, Bemetara, Durg, Balod and Dhamtari districts – Chhattisgarh
• Jashpur, Raigarh, Janjgir-Champa and Mahasamund districts – Chhattisgarh
• Gumla, Latehar, Lohardaga, Simdega, Garhwa and Khunti districts – Jharkhand
• Burhanpur, Khandwa, Khargone and Harda districts – Madhya Pradesh
• Tikamgarh, Niwari, Chattarpur and Panna districts – Madhya Pradesh
• Akola, Hingoli and Washim districts – Maharashtra
• Amravati and Yavatmal districts – Maharashtra
• Bhandara, Gondiya and Garchiroli districts – Maharashtra
• Alirajpur, Nandurbar and Barwani districts – Maharashtra and Madhya Pradesh
• Koraput, Malkangiri, and Nabarangpur districts – Odisha

At around 11:57 AM, Adani Total Gas was trading higher by 2.88% at Rs1873 per piece on Sensex.