Adani Total Gas Share Price Jumps ~8% with Barsana Biogas Plant Inauguration

On March 31, 2024, Adani Total Gas informed the stock exchanges that the company commences production at Barsana Biogas Project.

Commissioning of Barsana Biogas Plant: ATGL’s Milestone 

On Sunday, a wholly-owned subsidiary of Adani Total Gas Limited (ATGL), Adani Total Energies Biomass Limited (ATBL), announced that they had commissioned operations at phase 1 of its Barsana Biogas Plant, located in the Mathura district of Uttar Pradesh. On Monday, the share price of ATGL rallied by approximately 8% to ₹1,000.

The company stated that the Barsana Biogas Project has three project phases and would attain the overall capacity of 600 tons per day (TPD) of feedstock, generating over 42 TPD of Compressed Bio Gas (CBG) and 217 TPD of organic fertiliser upon full commissioning.

In the exchange filing, Adani Total Gas said, “This plant will be India’s largest agri waste-based bio-CNG plant upon reaching full design capacity at phase-3. The project cost for all three project phases for the Barsana Biogas plant would be in excess of ₹200 crore.”

This is Adani Total Energies Biomass Limited’s first Compressed Bio Gas production unit and marks a noteworthy milestone in the company’s journey towards a greener future. The plant converts organic materials into renewable biogas by utilising advanced anaerobic digestion technology, particularly reducing greenhouse gas emissions and reliance on fossil fuels. It also helps the country’s fuel security and emission reduction goals.

Commenting on the commission of the Barsana Biogas Project, the ED and CEO of Adani Total Gas, Suresh P Manglani, said, “The Barsana Biogas Plant represents our Chairman Sh Gautam Adani’s commitment to fully leverage renewable resources to create a cleaner, more sustainable world for our future generations.”

He further stated, “In addition to producing Compressed Bio Gas (CBG), the plant yields high-quality organic fertiliser, contributing to circular economy principles and agricultural sustainability. The setting up and initiation of CBG production fully aligns with our promoters’ – Adani Group and TotalEnergies – broader sustainability goals.”

After this news, on April 1, 2024, the share price of Adani Total Gas Limited opened at ₹947.95, touching the day’s high at ₹1,000, as of 1:18 PM on the NSE. On March 28, 2024, the share price of the company closed at ₹926.55.

About Adani Total Gas Ltd

Adani Total Gas Ltd is involved in the business of City Gas Distribution (CGD) and supplies natural gas to domestic, industrial, commercial and vehicle users.

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