Business Update16 Apr 2025, 04:23 am
Adani Total Gas Ltd Faces 15% Reduction in APM Gas Allocation, Impacting Profitability
AI Summary
Adani Total Gas Ltd has been informed by the Nodal Agency (GAIL (India) Ltd) about a 15% reduction in Administrative Price Mechanisms (APM) gas allocation, effective April 16, 2025. This reduction is being replaced with New Well Gas (NWG). However, the higher priced NWG and lower APM gas allocation will negatively impact the company's profitability. The company is currently exploring measures to mitigate this impact.
Key Highlights
- Adani Total Gas Ltd facing a 15% reduction in APM gas allocation
- Reduction to be replaced with New Well Gas (NWG)
- Higher priced NWG and lower APM gas allocation to impact profitability
- Company is exploring measures to mitigate the impact