ADANI TOTAL GAS: Adani Total Gas Stock Surges 4% with Barsana Biogas Plant Launch
The ADANI Total Gas has informed to exchange that they are started Phase 1 Bio Gas in Barsana Bio gas plant in Mathura, UP. Adani informed Full capacity of 600 tons will attain during phase 3 project has to start. Project worth Rs.200 cr, Plants convert organic materials into Bio Gas by Advanced Technology. This Bio gas controlled the Greenhouse emission gas, Fossil Fuel Gas in the Country.
Adani Total Gas Soars 4% After Barsana Biogas Plant Commences Operations
Adani Total Gas witnessed a surge of over 4 percent on April 1 following the announcement that its wholly-owned subsidiary, Adani Total Energies Biomass Limited (ATBL), has initiated operations at phase 1 of the Barsana Biogas Plant situated in the Mathura district of Uttar Pradesh.
The Barsana Biogas Project, comprising three phases, is projected to reach an overall capacity of 600 tons per day (TPD) of feedstock, generating over 42 TPD of Compressed Bio Gas (CBG) and 217 TPD of organic fertilizer upon full commissioning, as confirmed by Adani Total Gas.
ADANI TOTAL GAS LTD Market Price is moving in Descending channel and market has reached lower high area of the channel
“This plant will be India’s largest agri waste-based bio-CNG plant upon reaching full design capacity at phase-3,” added the company.
The total cost for all three project phases of the Barsana Biogas plant is expected to exceed Rs 200 crore. This marks ATBL’s inaugural CBG production facility, which in addition to CBG, yields organic fertilizer.
Utilizing advanced anaerobic digestion technology, the plant converts organic materials into renewable biogas, thus significantly reducing greenhouse gas emissions and reliance on fossil fuels.
In parallel, within the LNG segment, Adani Total Gas is in the process of establishing its first LNG Retail Outlet in Dahej, Gujarat, with plans to develop an LNG station network at strategic locations across India. Ventura Securities noted that the outlet is slated to be commissioned by July 2024.
Furthermore, in the EV segment, over 1050 EV charging points are currently under construction, strategically dispersed across various cities and in collaboration with multiple stakeholders. The company aims to expand its presence to 20 cities, ultimately reaching 130 cities.
Hindustan Aeronautics: Hindustan Aeronautics Soars 2% on Rs 1,173.42-crore Cochin Shipyard Deal
The Hindustan Aeronautics signed 1173.42Cr with Cochin Shipyard for supplying LM2500 gas Turbines and Accessories for Indian Navy Next Generation Missile Vessel Project.
Hindustan Aeronautics Rises 2% as it Secures Rs 1,173.42 Crore Contract with Cochin Shipyard Limited
HINDUSTAN AERONAUT Market Price is moving in Ascending channel and market has reached higher high area of the channel
In the opening trade on April 1, shares of Hindustan Aeronautics climbed 2 percent following the announcement of a contract worth Rs 1,173.42 crore with Cochin Shipyard Limited (CSL).
According to a press release, the company signed a contract with Cochin Shipyard Limited (CSL), Kochi, for the supply of 6 sets of LM2500 Gas Turbines (GT) and GT Auxiliaries (GTAE), spares, and tools for the Indian Navy Next Generation Missile Vessel (NGMV) project.
Additionally, on March 22, Hindustan Aeronautics signed a contract with the Guyana Defence Force (GDF), Government of Guyana, for the supply of two Hindustan-228 commuter aircraft along with Manufacturer Recommended List of Spares (MRLS), Ground Handling Equipment/Ground Support Equipment, Training, and Hand-holding at a total value of MUSD 23.37 (approximately Rs 194 crore).
Furthermore, on March 15, the Ministry of Defence signed a contract with the company for the Mid Life Upgrade (MLU) of 25 Dornier Aircraft along with associated equipment for the Indian Navy at a cost of around Rs 2,890 crore.
On March 13, the Ministry of Defence signed two contracts with the company for a combined value of Rs 8,073.17 crore for the acquisition of 34 Advanced Light Helicopters (ALH) Dhruv Mk III along with Operational Role Equipment for the Indian Army (25 ALHs) and Indian Coast Guard (09 ALHs).
The RVNL wins Lowest Bidder of Rs.148 Cr project from South eastern Railway for upgradation of tracking system from 1*25KVA to 2*25 KVA in Kharagpur Railway systems.
RVNL Shares Surge 4% on Securing Multiple Projects
RAIL VIKAS NIGAM Market Price is moving in uptrend line and market has rebounded higher low area of the pattern
In early trade on April 1, Rail Vikas Nigam (RVNL) witnessed a 4 percent rally in its share price following the company’s successful bid on multiple projects.
According to a filing with the exchanges, RVNL emerged as the lowest bidder for the design, supply, erection, testing, and commissioning of electric traction system upgrades for the Kharagpur-Bhadrak section of the Kharagpur division of South Eastern Railway. The project, costing Rs 148.26 crore, is slated for completion in 18 months.
Additionally, RVNL secured another project from NF Railway Construction for electrification works and SCADA installation for the Araria-Thakurganj New line Section, costing Rs 95.95 crore and scheduled for completion in 240 days.
Furthermore, a joint venture between Salasar Techno Engineering and RVNL emerged as the lowest bidder for the plant, design, supply, and installation of 45.8 km, 110kV Double Circuit Rukarara-Huye-Gisagara Transmission Lines, with RVNL’s share accounting for 49 percent of the total cost of $7,152,236.59.
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