Adani Total Gas on September 6 received a work order worth Rs 130 crore from Ahmedabad Municipal Corporation, the company announced through an exchange filing. The project will be located in Pirana/ Gyaspur, Ahmedabad.
The order from Ahmedabad Municipal Corporation includes designing, building, financing and operating a 500 Tonnes per day capacity Bio-CNG Plant on PPP model. AMC shall provide land for setting up the CBG plant and 500 TPD of waste at the doorstep of the plant.
The order is to be completed within the timespan of 20 years.
Adani Total Gas earnings
Adani Total Gas in the first quarter of financial year 2024 reported a revenue from operations of Rs 1,135 crore, EBITDA of Rs 255 Cr, increased by 12 percent and PAT at Rs 148 Cr with a gain of 7 percent.
While, CNG Stations in the first quarter increased to 467 including the addition of 7 New CNG Stations, a total of 23,928 new homes were on PNG.
Adani Total Gas shares
The shares of Adani Total Gas on Friday closed at Rs 637, down by 0.76 per cent.