INFO:

ICRA has upgraded the long-term rating of Adani Total Gas Limited (ATGL), formerly known as Adani Gas Limited, to [ICRA]AA(Stable) while reaffirming the short-term rating. According to ICRA, this upgrade is attributed to ATGL's improved financial risk profile, driven by sustained growth in sales volume, which has resulted in an increased scale of operations and better profitability.