India’s Adani Total Gas Books Higher Profit as Natural Gas-Vehicle Use Grows

Indian firm Adani Total Gas reported on Thursday a 7.5% increase in its consolidated profit for the quarter ended September 30, as sales of compressed natural gas (CNG) for vehicles continue to grow. Adani Total Gas, part of the Adani conglomerate in India, thus reported higher profits for the seventh consecutive quarter amid a wider government-led push for cleaner vehicle fuel use. Diesel is still the most widely used road transport fuel in India, with sales outstripping the consumption of gasoline. Adani Total Gas said on Thursday that its consolidated…