APM gas allocation volatility
APM allocation reduced by ~2% in Q1, impacting gross spreads. Management expects normalization but risk of further cuts remains.
ATGL / Q1-FY25 / risks
Keep the risk register visible.
Adani Total Gas · Material risks, their source context, and severity in the latest available quarter.
Research layer active
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Material risks this quarter
medium
Operating cost pressure from new geographies
OPEX per SCM has risen from ₹4.84 in FY22 to ~₹6 in FY24 due to front-ending costs in newer GAs. Management expects temporary pressure until pipeline network is built.
CBG economics uncertain without subsidies
CBG production cost is higher than APM gas; profitability depends on subsidies, carbon credits, and fertilizer sales. Management acknowledged the challenge.