Totalling Up Profits: Adani Total Gas Brought In 3720% Returns

Adani Total Gas Ltd. was listed on the exchange at ₹70.25 on November 5, 2018 and since then shot to ₹2,826, yielding a whopping return of 3720%. Let’s have a quick peek at the company.

⛽ Stock: Adani Total Gas Ltd.

⛽ NSE: $ATGL

⭐ About The Company
In February 2020, Total Energies Holdings SAS, the world’s second-largest liquid natural gas (LNG) private player, acquired 37.4% of the equity capital of the company, becoming a co-promoter. ATGL is one of India’s leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial and domestic (residential) customers and compressed natural gas (CNG).

🎯 A Golden Opportunity
According to the ATGL Annual Report, the company has discovered a massive PNG opportunity, given how the LPG subsidies are being removed and the government is limiting subsidised cylinders per household to 12 per year. ATGL plans on addressing this opportunity through an enhanced footprint and gas pipeline grid across geographic areas. At present, the company is licenced to offer services across the country, addressing nearly 10% of India’s population.

⚡The Way Ahead
ATGL intends to establish 1500 electric vehicle charging stations (EVCs) in key urban markets in the first phase. ATGL is proactively ready with fast charging technology, a digital platform (including a customer interface and charging network management system) and a start-up mindset.