Adani Total Gas share price jumps 8% as Barsana Biogas Plant begins production

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Adani Total Gas share price jumped as much as 8 per cent in intraday trade on BSE on Monday, April 1, after the company announced it started production at Barsana Biogas Project. Adani Total Gas share price opened at ₹947 against its previous close of ₹925.45 and jumped 8 per cent to hit its intraday high level of ₹1000 in trade so far.

Around 12:45 pm, the stock traded 4.58 per cent higher at ₹967.80. In a BSE filing on March 31, Adani Total Gas said its wholly-owned subsidiary Adani TotalEnergies Biomass Limited (ATBL) commissioned operations at phase 1 of its Barsana Biogas Plant, located in the Mathura district of Uttar Pradesh.

Also Read: Nifty 50, Sensex hit fresh all-time high; why is Indian stock market gaining today?- Explained According to the company's statement, the Barsana Biogas Project has three project phases and would attain an overall capacity of 600 tons per day (TPD) of feedstock, generating over 42 TPD of compressed biogas (CBG) and 217 TPD of organic fertiliser upon full commissioning. Also Read: Adani Power upper circuit: Adani Power share price jumps 5% as Reliance picks stake in company's MP project This plant will be India’s largest agri waste-based bio-CNG plant upon reaching full design capacity at phase 3.

Project cost for all three project phases for the Barsana Biogas plant would be in excess of ₹200 crore, said the company. "In addition to producing compressed biogas, the plant yields high-quality organic fertiliser, contributing to circular economy principles and agricultural sustainability.