Adani Gas was locked in 20 percent upper circuit at Rs 97.80 on Wednesday after the company expanded its pan-India presence by bagging 13 city gas distribution (CGD) projects.
“AGL has bagged authorisation from the Petroleum and Natural Gas Regulatory Board, Government of India to expand its city gas footprint in 13 new geographical areas (GAs) in the recently concluded 9th round of CGD bidding,” the city gas distribution arm of the Adani Group said in its filing.
In addition, the company has also won 9 GAs in its joint venture company with Indian Oil Corporation, i.e. Indian Oil – Adani Gas Ltd. (IOAGPL). Read More