Adani Total Gas records 17% surge in gas sales in Q2 FY22

30 Oct 2021 CW Team

Adani Total Gas Limited has recorded a 17% rise in the September quarter net profit on the back of a surge in gas sales volumes.

Net profit in July-September at Rs 159 crore as against Rs 136 crore profit in the corresponding period last year, the firm said in a statement.

With economic activity picking up after the Covid-19 pandemic, CNG sales surged 54% to 91 million cubic meters in Q2 FY22.

Piped gas supplies grew 17% to 84 mmscmd.

Combined CNG and piped natural gas volume increased by 33% t at 175 mmscm. The company exited the quarter with a sale volume of 2.09 million standard cubic meters per day, as against 1.79 mmscmd at the end of the first quarter.

Revenue from operations was increased by 56% at Rs 687 crore.

The firm said that it launched 20 new CNG dispensing stations, taking the total network strength to 244. It added 18,659 new connections to assist cross the 5 lakh target for piped natural gas connections.

Commenting on the result, Gautam Adani, Chairman, Adani Group, told the media that he has very little doubt that gas would continue to play a significantly important role in India's energy mix. The ability to distribute gas across the country is a significant advantage that the Adani Group and TotalEnergies will bring to the people.

ATGL implemented, during the quarter, a joint venture deal with 50% shareholding for installing a manufacturing plant for mechanical and smart gas meters under the Atmanirbhar Bharat initiative.

Additionally, ATGL also has inked a definitive agreement for exclusive collaboration for installing a bio-conversion plant in Barsana having India's largest cow shelter with around 60,000 cows in a single location, said Adani.

Image Source

Also read: SC dismisses Adani Gas’ plea against awarding of CGD to Gujarat Gas

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..