Adani Group shares hit record highs, Adani Power up 92% in one month

Among the individual stocks for the group, Adani Power hit its upper circuit at Rs 232.60 on the BSE in Tuesday’s trade.

Adani Total Gas hit new high of Rs 2,450, up 3 per cent in the intra-day trade on Tuesday. In the past one month, the stock has rallied at 36 per cent.

Adani Total Gas forayed into Electric Mobility by launching its first electric vehicle charging station (EVCS) in Ahmedabad, Gujarat.

‘We aim to expand electric mobility network by setting up 1500 EVCS across the country. We have kept an expansion plan ready to move beyond 1500 EVCS, on the basis of demand generation and momentum building of EV ecosystem in the country,’ the company said in a statement.

Adani Total Gas is India’s leading private player in developing City Gas Distribution (CGD) networks to supply Piped Natural Gas (PNG) to industrial, commercial, domestic (residential) customers and Compressed Natural Gas (CNG) to the transport sector.

Group promoter Gautam Adani’s net worth increased by $23.5 billion in 2022, taking his total net worth to $100 billion, as per the Bloomberg Billionaires Index. His net worth reportedly grew by $ 2.44 billion on April 1st alone, skyrocketing him into the global super-rich list at number 10, with Elon Musk heading the list.

Adani displaced Mukesh Ambani in the process, as the richest man in India and Asia.

Mukesh Ambani slipped to the 11th spot in the Bloomberg Billionaires Index with a total net worth of $ 99.0 Billion.

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