ATGL.NS Shariah Compliance
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Adani Total Gas Ltd. Stock Analysis ATGL.NS
Adani Total Gas Ltd. operates as a gas distribution company. The company is headquartered in Ahmedabad, Gujarat and currently employs 549 full-time employees. The company went IPO on 2018-11-05. The firm is engaged in selling and distribution of natural gas to domestic, commercial, industrial and vehicle users. The firm is exploring of doing businesses of biogas, biofuel, biomass, LCNG, HCNG, EV, hydrogen, manufacturing of various equipment and provision of value-added services relating to CGD business. The company has gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. The company has a presence in over 33 geographical areas, including states like Madhya Pradesh, Uttar Pradesh, Gujarat, Chhattisgarh, Haryana, Karnataka, Tamil Nadu, Odisha and Rajasthan. Its wholly owned subsidiaries include Adani TotalEnergies E-mobility Limited (ATEL), which is engaged in charging infrastructure for electric vehicles, and Adani TotalEnergies Bio-Gas Limited (ATBL), which is focused on tapping the opportunities in compressed biogas (CBG) and organic fertilizer production.
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Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.