Adani Green Energy, Adani Transmission and Adani Ports and Special Economic Zone were up in the range of 2% to 7% on the BSE.
Share Market News » Shares of the Gautam Adani-led Adani Group companies have rallied by up to 16% on the BSE in intra-day trade in an otherwise subdued market.
Adani Power (up 16% at Rs 20.15), Adani Enterprises (10% at Rs 125), Adani Green Energy (7% at Rs 33.20), Adani Transmission (5% at Rs 167) and Adani Ports and Special Economic Zone (2% at Rs 378) have surged up to 16%.
On comparison, the S&P BSE Sensex was marginally up by 0.10% at 36,276 points at 12:54 pm.
Adani Group emerged as the top bidder for city gas retailing licences, eyeing as many as 52 cities.
Adani Gas bid for 32 cities on its own and another 20 cities in equal joint venture with state-owned Indian Oil Corp (IOC), the PTI report suggested quoting sources.
In past one week, these five Adani Group stocks have outperformed the market by gaining in the range of 5% to 23%, as compared to 1.8% rise in the Sensex.
Gas Retailing Bids: Adani Group emerged as the top bidder for city gas retailing licences, eyeing as many as 52 cities, while Reliance-BP combine took a close look at bidding but dropped out at the last moment, sources said. GAIL Gas Ltd, the city gas distribution arm of state-owned GAIL India Ltd, put in bids for close to 30 cities, sources privy to the development said.
Adani Gas Ltd bid for 32 cities on its own and another 20 cities in equal joint venture with state-owned Indian Oil Corp (IOC). Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closed today.
India Gas Solutions Pvt Ltd -- the 50:50 JV of UK's BP plc and Reliance Industries, looked very closely to foray into city gas distribution but dropped out at the last moment, the sources said. IGSPL, which was formed to retail natural gas in India, looked at licence for 15 cities but did not place any bid, they added.
Adani Power (up 16% at Rs 20.15), Adani Enterprises (10% at Rs 125), Adani Green Energy (7% at Rs 33.20), Adani Transmission (5% at Rs 167) and Adani Ports and Special Economic Zone (2% at Rs 378) have surged up to 16%.
On comparison, the S&P BSE Sensex was marginally up by 0.10% at 36,276 points at 12:54 pm.
Adani Group emerged as the top bidder for city gas retailing licences, eyeing as many as 52 cities.
Adani Gas bid for 32 cities on its own and another 20 cities in equal joint venture with state-owned Indian Oil Corp (IOC), the PTI report suggested quoting sources.
In past one week, these five Adani Group stocks have outperformed the market by gaining in the range of 5% to 23%, as compared to 1.8% rise in the Sensex.
Gas Retailing Bids: Adani Group emerged as the top bidder for city gas retailing licences, eyeing as many as 52 cities, while Reliance-BP combine took a close look at bidding but dropped out at the last moment, sources said. GAIL Gas Ltd, the city gas distribution arm of state-owned GAIL India Ltd, put in bids for close to 30 cities, sources privy to the development said.
Adani Gas Ltd bid for 32 cities on its own and another 20 cities in equal joint venture with state-owned Indian Oil Corp (IOC). Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closed today.
India Gas Solutions Pvt Ltd -- the 50:50 JV of UK's BP plc and Reliance Industries, looked very closely to foray into city gas distribution but dropped out at the last moment, the sources said. IGSPL, which was formed to retail natural gas in India, looked at licence for 15 cities but did not place any bid, they added.
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