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Adani Total Gas’s shares skyrocket 18% with Green Hydrogen blending project

GH2 is created by electrolyzing water with electricity produced by renewable energy sources. Mixing hydrogen produces less carbon dioxide while still having the same thermal capacity as burning petrol. Even with the current Adani shares overleveraged controversies, the project will be completed by Q1 FY24u201325.

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Adani Total Gas’s shares skyrocket 18% with Green Hydrogen blending project

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  1. ADANI TOTAL GAS’S SHARES SKYROCKET 18% WITH GREEN HYDROGEN BLENDING PROJECT

  2. Adani Total Gas’s stock shot 18% in early trading on 29th November 2023, following the company’s Ahmedabad green hydrogen blending pilot project debut. The business will mix natural gas and green hydrogen for 4,000 residential and business clients. Despite the Adani shares overleveraged controversy, Adani Total Gas shares were trading at Rs. 739.95 on the N.S.E. (National Stock Exchange), over 15% higher. Volumes at the counter also increased dramatically.

  3. Adani Total Gas to employ latest technologies Adani Total Gas Ltd. has initiated a novel project called the ‘Green Hydrogen Production and Blending Pilot Project’ (ATGL). It is a well-known energy and city gas distribution business that Total Energies and the Adani Group jointly support. Additionally, from 30th November 2023 to 12th December 2023, world leaders will meet in the United Arab Emirates for the UN Climate Change Conference (COP 28). A.T.G.L. will use cutting-edge technology as part of the project to mix natural gas with green hydrogen (GH2) for more than 4,000 residential and business clients in Ahmedabad, Gujarat.

  4. GH2 is created by electrolyzing water with electricity produced by renewable energy sources. Mixing hydrogen produces less carbon dioxide while still having the same thermal capacity as burning petrol. Even with the current Adani shares overleveraged controversies, the project will be completed by Q1 FY24–25.

  5. Adani Total Gas utilizes technology and environmentally friendly solutions to satisfy changing customer needs and encourage environmental stewardship.

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