Adani Total Gas has clarified that news reports about the company planning a large battery storage project in Gujarat are inaccurate. According to an official statement released on November 12, 2025, the company stated the news does not relate to any of the company’s current business activities. Furthermore, Adani Total Gas stated that market movements are due to market conditions, with no specific knowledge or control over share volume or price.
Clarification on News Report
Adani Total Gas addressed recent news items appearing on www.economictimes.com, dated November 12, 2025, which suggested that the company was planning a large battery storage project in Gujarat. In a formal statement, Adani Total Gas explicitly clarified that these reports do not pertain to the operational or business activities of the company.
No Involvement in Battery Project
The company emphasized it has no comments to offer regarding the battery storage project mentioned in the news. The official release, dated November 12, 2025, aimed to correct any misinformation circulating in the market.
Share Price Movement
Adani Total Gas also addressed the movement in its share price. The company attributes these fluctuations purely to market conditions and described them as absolutely market-driven. The management stated that it has neither any control nor any specific knowledge regarding the reasons for the movement in volume or price of its shares.
Commitment to Disclosures
Adani Total Gas reaffirmed its commitment to making all relevant disclosures in compliance with obligations and agreements with stock exchanges. The company urged stakeholders to take the official statement on record.
Source: BSE
