Adani Total Gas share price target – The prediction provided here is the culmination of extensive research and analysis. The Indian energy sector has witnessed significant growth and evolution, fueled by government initiatives promoting cleaner energy alternatives and the escalating demand for natural gas.
Amidst this landscape, Adani Total Gas emerges as a prominent entity, representing a joint venture between India’s Adani Group and France’s Total, exerting substantial influence within the industry.
About Adani Total Gas Limited Company
Adani Total Gas Limited (ATGL), previously recognized as Adani Gas Limited, stands as one of India’s foremost city gas distribution (CGD) entities. Below is an extensive overview of the company:
About ATGL:
| Aspect | Details |
|---|---|
| Founded | Originally established in 2004 as Adani Gas Limited, rebranded as Adani Total Gas Limited in 2021. |
| Headquarters | Based in Ahmedabad, India. |
| Parent Company | Belongs to the esteemed Adani Group. |
| Joint Venture Partner | Collaborates with TotalEnergies, a prominent French multinational energy corporation. |
Business Operations:
- City Gas Distribution (CGD) Focus:
- Provides piped natural gas (PNG) to residential, commercial, and industrial sectors.
- Offers compressed natural gas (CNG) as a fuel source for transportation.
- Explores diversification avenues such as biogas, biofuel, biomass, liquefied natural gas (LNG), and electric vehicle (EV) charging infrastructure.
Key Highlights:
Aspect Details Expansive Network – Operations span over 52 Geographical Areas (GAs) across 124 districts, serving approximately 14% of India’s population. – Manages an extensive network exceeding 8,900 kilometers of steel pipelines. Robust Growth – Successfully expanded domestic connections by over 5.64 lakh and added 710 new industrial and commercial connections during FY22. – Aspires to emerge as the leading CGD player in India, primarily based on geographical coverage. Sustainability Focus – Investigates cleaner energy alternatives such as biogas and EV charging infrastructure to mitigate carbon emissions. – Remains dedicated to implementing environmentally responsible practices and engaging in social responsibility initiatives.
Recent Developments:
- Established two wholly-owned subsidiaries:
- Adani TotalEnergies E-mobility Limited (ATEL) to delve into the electric vehicle charging domain.
- Adani TotalEnergies Biomass Limited (ATBL) to explore opportunities within the biomass sector.
Overall Contribution:
- Enhancing Energy Accessibility:
- Facilitates access to clean and convenient energy solutions for numerous households and businesses across India.
- Boosting Energy Security:
- Contributes significantly to the nation’s energy security and overall economic growth.
- Advocating Sustainability:
- Champions cleaner energy alternatives, fostering a pathway towards a sustainable future.
Adani Total Gas Share Target Price Table for 2025-2050
| Year | Minimum (USD) | Maximum (USD) |
|---|---|---|
| 2024 | $1,300 | $1,700 |
| 2025 | $1,600 | $2,200 |
| 2026 | $2,100 | $2,800 |
| 2027 | $2,700 | $3,500 |
| 2028 | $3,300 | $4,300 |
| 2029 | $4,000 | $5,500 |
| 2030 | $5,300 | $7,300 |
| 2035 | $13,000 | $15,000 |
| 2040 | $30,000 | $35,000 |
| 2050 | $65,000 | $75,000 |
Adani Total Gas share price target for 2024
Adani Total Gas operates across three key sectors: residential PNG, commercial PNG, and industrial PNG. In the residential segment, the company provides metered connections for consumers using PNG, while in the commercial segment, it caters to the hospitality and food industry, contributing to 10% of its sales. The industrial segment, where the company earns 57.30% of its revenue, involves supplying PNG for industrial operations such as textiles.
Adani Total Gas share price target for 2024 is projected to range between $1,300 and 1,700 rupees.
Adani Total Gas share price target for 2025
The company maintains a City Gas Distribution (CGD) network spanning 90 geographical areas, covering 15 states and 71 districts in India. With a total gas pipeline network extending over 78 thousand kilometers and 230 CNG stations, Adani Total Gas is well-positioned to meet growing demand.
Adani Total Gas share price target for 2025 is expected to be between $1,600 and $2,200.
Adani Total Gas share price target for 2026
Adani Total Gas has formed a strategic joint venture with TotalEnergies, the world’s second-largest energy company, owning 37% of Adani Total Gas. With increasing government emphasis on natural gas amid rising pollution levels, the company stands to benefit. Moreover, the government’s target of a 15% increase in natural gas consumption by 2030 bodes well for Adani Total Gas.
The projected share price target for Adani Total Gas in 2026 falls within the range of 2,100 rupees to 2,800 rupees.
Adani Total Gas share price target for 2027
Predicting the future in the investment domain is inherently challenging. However, past performance can serve as a valuable indicator for prospective investors. Adani Total Gas has garnered investor interest due to its impressive financial metrics, including revenue growth, profit growth, and earnings per share.
The anticipated share price range for Adani Total Gas in 2027 lies between $2,700 and 3,500 rupees.
Adani Total Gas share price target for 2030
Adani Total Gas’s business model revolves around the distribution and marketing of natural gas sourced from various domestic and foreign suppliers. The company operates urban gas distribution networks across several Indian cities, supplying residential PNG and CNG for transportation. Additionally, Adani Total Gas caters to the energy needs of industrial and commercial clients.
For the year 2030, the projected share price target for Adani Total Gas ranges from 5,300 rupees to $7,300.
Disclaimer:
The information in this article is solely the author’s opinion and does not constitute investment advice; it is provided solely for educational purposes. By using this, you acknowledge that the information does not constitute investment or financial advice. Before making any investment decisions, do your own research and consult with financial advisors.
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