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Adani Total Gas: Adani Total Gas challenges PNGRB’s authorisation orders for Faridabad-1 GA

Adani Total Gas Limited has filed an appeal with the Appellate Tribunal for Electricity (APTEL) against the ‘impugned’ orders issued by the Petroleum and Natural Gas Regulatory Board (PNGRB) on April 25 and April 26, the company said in a regulatory filing on Tuesday.

These orders pertain to the authorisation for the Noida, Faridabad, and Gurugram Geographical Areas (GAs), the company said in a regulatory filing on Tuesday. On April 26, PNGRB allowed IGL to supply gas to one part of the area, while for the remaining area, Adani Total was appointed as the supplier.

The company said it has challenged the PNGRB’s decision to award or grant authorisation for the ‘Faridabad-1’ area within the Faridabad District GA. However, it has accepted the authorisation for the Faridabad 2 GA, without any prejudice.

“In this regard, we would like to inform that the Company has filed an Appeal against the Impugned Orders dated 25th April 2023 and 26th April 2023 of PNGRB before Hon’ble Appellate Tribunal for Electricity (APTEL), in so far as they relate to the PNGRB’s decision(s) of awarding/granting authorisation for ‘Faridabad-1’ area of Faridabad District GA. The Company has accepted the authorisation of Faridabad 2, without prejudice,” the company said.

Adani Total Gas scrip ended at Rs 757.40, up 5% on the BSE Tuesday. Benchmark Sensex ended 0.03% higher.

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