Adani Total Gas is establishing its first LNG Retail Outlet in Dahej, Gujarat, with aspirations to build an LNG station network throughout India.
Adani Total Gas shares rose more than 4% on April 1, a day after the firm announced that its wholly-owned subsidiary Adani Total Energies Biomass Limited (ATBL) has commenced operations at phase 1 of its Barsana Biogas Plant in Uttar Pradesh’s Mathura district.
The Barsana Biogas Project is divided into three phases and will have an overall capacity of 600 tons per day (TPD) of feedstock, creating around 42 TPD of compressed bio gas (CBG) and 217 TPD of organic fertilizer when fully operational, according to Adani Total Gas.
“This plant will be India’s largest agri waste-based bio-CNG plant upon reaching full design capacity at phase-3,” said the business.
The total cost of the Barsana Biogas plant’s three project phases would exceed Rs 200 crore. This is ATBL’s first CBG manufacturing facility. In addition to creating CBG, the plant generates organic fertilizer.
“By utilizing advanced anaerobic digestion technology, the plant converts organic materials into renewable biogas, significantly reducing greenhouse gas emissions and reliance on fossil fuels,” according to the firm.
Meanwhile, Adani Total Gas is constructing its first LNG Retail Outlet in Dahej, Gujarat, with plans to expand an LNG station network in strategic places throughout India. According to Ventura Securities, the shop is projected to be operational by July 2024.
An additional 1050+ EV charging sites are under built in several cities, with multiple stakeholders collaborating. The company intends to increase the number of cities to 20 and grow its presence to 130.
At 10:17 a.m. on April 1, Adani Total Gas shares were trading on the National Stock Exchange (NSE) at Rs 969.00, up 4.5 percent from the previous close. In the last six months, the stock has surged about 60%, surpassing the Nifty 50, which has increased 15%.
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