Adani Total Gas Challenges PNGRB Orders, Appeals to APTEL

Adani Total Gas has lodged an appeal with the Appellate Tribunal for Electricity (APTEL) against the 'challenged' orders issued by the Petroleum and Natural Gas Regulatory Board (PNGRB) on 25th April and 26th April, as stated in a regulatory filing. According to the company's regulatory filing, these orders concern the authorization for the Noida, Faridabad, and Gurugram Geographical Areas (GAs). On 26th April, PNGRB granted IGL permission to supply gas to a portion of the area, while Adani Total was designated as the supplier for the remaining region. The company has contested PNGRB's decision to award or grant authorization for the 'Faridabad-1' area within the Faridabad District GA. However, it has accepted the authorization for the Faridabad 2 GA, without any prejudgment. With respect to this matter, we would like to notify that the Company has filed an Appeal against the Challenged Orders dated 25th April 2023 and 26th April 2023 of PNGRB before the Honourable Appellate Tribunal for Electricity (APTEL), insofar as they pertain to the PNGRB's decision(s) of awarding/granting authorization for the 'Faridabad-1' area of the Faridabad District GA. The Company has accepted the authorization of Faridabad 2, without prejudice, stated the company. Also Read TCS-led consortium wins more than Rs. 15,000 crore order from BSNL Growing demand for land: Real estate market sees increased activity