Adani Total Gas rises on signing MoU with Flipkart

27 Dec 2023 Evaluate

Adani Total Gas is currently trading at Rs. 999.05, up by 3.75 points or 0.38% from its previous closing of Rs. 995.30 on the BSE.

The scrip opened at Rs. 1012.10 and has touched a high and low of Rs. 1020.00 and Rs. 990.25 respectively. So far 129444 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3998.35 on 23-Jan-2023 and a 52 week low of Rs. 521.95 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 1059.00 and Rs. 921.00 respectively. The current market cap of the company is Rs. 109871.03 crore.

The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 20.09% and 5.11% respectively.

Adani Total Gas (ATGL) has signed Memorandum of Understanding (MoU) with Flipkart. Under the MoU, AGTL will work with Flipkart to support its vision to reduce carbon footprint in the primary, secondary and tertiary movements of goods between sourcing locations, warehouses, and customers. ATGL will provide decarbonizing solutions, aiding Flipkart’s journey to switch to cleaner fuel options, including natural gas, and the introduction of electric vehicles.

Adani TotalEnergies E-Mobility (ATEL), a wholly owned subsidiary of ATGL, will deploy EV charging infrastructure at Flipkart’s pan India supply chain, including at warehouses and logistics locations. This partnership will go a long way in decarbonizing the e-commerce logistics segment in the country, which accounts for more than 8 million shipments per day. With growth in the economy, this volume is only set to grow further and requires well thought of solutions to reduce associated carbon emissions.

Adani Total Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.

Adani Total Gas Share Price

908.75 47.40 (5.50%)
14-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Gujarat Gas 551.50
Indraprastha Gas 444.95
Mahanagar Gas 1320.00
Adani Total Gas 908.75
Guj. State Petronet 291.85
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