Adani Total Gas shareholders need to worry
The city gas distribution company’s stock is already the Adani group’s worst performer. The announcement by key stakeholder TotalEnergies of a halt to any further investment imperils its big LNG push and may put paid to hopes of a recovery.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Many shades of grey in l’affaire Jane Street
The proprietary trading firm’s guilt is as obvious as its innocence, depending on who you ask. However, the truth often lies in the grey areas. Many answers are needed from both Jane Street and SEBI.
Several issues are muddying the waters for Kent’s IPO
The popular appliance maker’s DRHP throws up multiple red flags, including large-scale slippages in business performance, that detract from its appeal. Should it then even go public?
The hunt for greener steel stutters
ArcelorMittal's scrapping of green steel plans in Germany signals an uncertain future for decarbonizing the heavily polluting sector. It also casts a cloud on mega investments by Indian steelmakers.