Adani Total Gas faces profitability hit on APM allocation cut
Adani Total Gas (BSE: 542066, NSE: ATGL) announced that its profitability will be adversely impacted due to a 15% reduction in Administrative Price Mechanism (APM) gas allocation, effective April 16, 2025. According to an exchange filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the cut, intimated by the Nodal Agency (GAIL (India) Ltd), will be offset by New Well Gas (NWG), which is priced higher. The company stated it is exploring all measures to mitigate the financial impact of the reduced APM allocation and the increased reliance on NWG.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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