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Adani Total Gas capex planned at Rs 1,200 cr for FY22

Wednesday, 05 May 2021
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Adani Total Gas is planning a capital expenditure of Rs 1,200 crore to Rs 1,400 crore in FY22, despite disruption in project execution and decline in demand due to COVID-19 pandemic.
The company is committed to roll out complete capex plan and the numbers it has committed. The company will compensate for temporary delays which are happening. 
The company has work going on some sites, albeit at a slower pace. However, it is typing up with vendors and contractors and expects to ramp up soon. In 2020, the company had announced plans to invest around Rs 5,500 crore in five years for capital expenditure. 
The company reported a consolidated net profit of Rs 144.08 crore in Q4/FY21 as compared to Rs 121.11 crore in Q4/FY20. The company’s consolidated total income grew to Rs 633.65 crore in Q4/FY21 from Rs 502.05 crore in Q4/FY20. 
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