Adani Total Gas Limited has informed the Exchange about Effect(s) on listed entity due to changed regulatory framework applicable
ATGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Adani Total Gas has been informed by GAIL (India) Ltd, the nodal agency, that its allocation of cheap domestic gas under the Administered Price Mechanism (APM) will be reduced by 15%, effective 16th April 2025. The shortfall is being replaced with New Well Gas (NWG), which is priced significantly higher than APM gas. The company has stated this change will have an adverse impact on its profitability, as input costs rise. The company says it is exploring measures to mitigate the impact on margins.
Negative for near-term profitability due to higher input gas costs; cost pass-through to customers will be a key metric to watch. Could pressure margins and earnings in the short term.