Company Profile

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Adani Gas has informed that the name of the Company has been changed from ‘Adani Gas Limited’ to ‘Adani Total Gas Limited’ with effective from 1st January, 2021, pursuant to which a fresh certificate of incorporation was issued by Ministry of Corporate Affairs, Registrar of Companies, Ahmedabad.

The above information is a part of company’s filings submitted to BSE.

Adani Gas is locked its upper circuit limit at Rs. 348.05, up by 31.60 points or 9.99 % from its previous closing of Rs. 316.45 on the BSE.

The scrip opened at Rs. 318.85 and has touched a high and low of Rs. 348.05 and Rs. 317.80 respectively. So far 945617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 366.15 on 23-Nov-2020 and a 52 week low of Rs. 76.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 366.15 and Rs. 310.10 respectively. The current market cap of the company is Rs. 38086.42 crore.

The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 20.43% and 4.77% respectively.

Adani Gas is planning to change its name to ‘Adani Total Gas’ to reflect French energy giant Total's stake in the firm. The company has through a postal ballot sought shareholders' nod to change the name as well as alter its memorandum and articles of association. After the French giant buying stake, Adani Gas is now a joint venture company of Adani Group and TOTAL Group, France with 37.40 per cent stake by each promoter and remaining 25.20 per cent with public shareholders.

In order to reflect the names of both promoter groups, it is proposed to change the name of the company from Adani Gas to Adani Total Gas to reflect the holding structure.

Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.

Adani Gas is planning to change its name to ‘Adani Total Gas’ to reflect French energy giant Total's stake in the firm. The company has through a postal ballot sought shareholders' nod to change the name as well as alter its memorandum and articles of association. After the French giant buying stake, Adani Gas is now a joint venture company of Adani Group and TOTAL Group, France with 37.40 per cent stake by each promoter and remaining 25.20 per cent with public shareholders.

In order to reflect the names of both promoter groups, it is proposed to change the name of the company from Adani Gas to Adani Total Gas to reflect the holding structure.

Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.

Adani Group has entered into strategic collaboration with Italy-based Snam, Europe’s leading gas infrastructure company. The collaboration would envisage exploration of the hydrogen value chain in India and global markets, as well as the development of biogas, biomethane, and low-carbon mobility.

As part of the strategic partnership, Adani Group and Snam intend to explore several opportunities in the energy space where each group brings complementary capabilities to the table.

Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.