With effect from 12 am on April 8, Adani Total Gas Limited (ATGL) has decreased the price of CNG by up to Rs 8.13/kg and the price of PNG by up to R 5.06/scm.
The Central government has revised the guidelines to decide the prices of CNG-PNG by linking with it to Imported Crude instead of International Gas Hub . The prices of CNG-PNG will be henceforth decided every month.
ICRA on Friday downgraded the outlook for Adani Total Gas to Negative from stable on Friday but the market rebounded on Friday and again Monday with surge in Adani group shares
The outlook for Adani Total Gas Ltd has been revised to Negative on account of the deterioration in the Adani Group s financial flexibility, following a sharp decline in share prices and an increase in the yield of international bonds raised by the Adani
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