ADANI TOTAL GAS A QUICK MOVE UPIt is in the Verge to Complete the Inverted Head & Shoulder. 😍😍 Gear Up For a move above 800
Adani Total Gas Ltd (ATGL) has demonstrated strong financial performance and strategic growth initiatives in recent periods. In the fiscal year 2024, the company reported a 15% increase in overall volume and a 20% year-on-year growth in the fourth quarter. This growth was supported by the addition of 91 new CNG stations, bringing the total to 547, and the expansion of piped natural gas (PNG) connections to 820,000 households. Financially, ATGL achieved a 27% year-on-year increase in revenue, reaching ₹4,813 crore, and a 23% rise in Profit After Tax (PAT) to ₹653 crore
In September 2024, ATGL secured $375 million in financing from international lenders, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. This funding is intended to accelerate the expansion of its city gas distribution network across 13 Indian states, potentially serving up to 14% of India's population.
