Adani Total Gas to Invest Rs 20,000 Cr in Expanding City Gas Operations
Adani Total Gas Ltd, the joint venture between billionaire Gautam Adani’s group and French energy giant TotalEnergies, has announced plans to invest INR 18,000 to 20,000 crore over the next 8 to 10 years to expand its city gas operations. The investment will focus on enhancing infrastructure for retailing compressed natural gas (CNG) to automobiles and providing piped gas to households and industries.
Currently, Adani Total Gas operates in 124 districts across the country, with 52 licenses that enable them to retail CNG and supply piped cooking gas to households. They already have 460 CNG stations and serve approximately 700,000 consumers with piped gas.
Recognizing the growing demand for cleaner fuel in India, Adani Total Gas aims to expand its network of CNG stations and pipelines, catering to the country’s increasing appetite for sustainable energy sources. Parag Parikh, the Chief Financial Officer of Adani Total Gas Ltd, highlighted the company’s long-term optimism in the gas sector and its commitment to reducing pollution.
In their annual report, Parikh stated that Adani Total Gas invested over INR 1,150 crore in the previous fiscal year (April 2022 to March 2023) to develop additional infrastructure. He emphasized the importance of gas as a clean energy source with advantages such as user safety, customer trust, and convenient delivery.
With regards to future plans, Adani Total Gas intends to invest INR 18,000 to 20,000 crore in the next 8 to 10 years to expand their city gas distribution (CGD) business, widen their customer base, and sustain revenue growth, according to CEO Suresh P Manglani. The company aims to build more than 1,800 CNG stations within the next decade and connect households across all geographical areas with piped natural gas.
In addition to scaling their core gas distribution business, Adani Total Gas is diversifying its offerings by venturing into compressed biogas (CBG) and electric vehicle (EV) charging. Manglani announced the formation of Adani TotalEnergies E-mobility Limited (ATEL), a wholly owned subsidiary focused on establishing EV charging infrastructure nationwide. This move complements their existing CNG retail outlets and provides consumers with alternative fuel choices.
Adani Total Gas already operates 104 EV charging points across 26 locations in India and plans to expand this network to over 3,000 charging points countrywide.
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To tap into India’s vast potential for biomass-derived energy, Adani Total Gas has also established Adani TotalEnergies Biomass Limited (ATBL). The company is constructing one of the country’s largest Compressed Biogas (CBG) plants in Barsana, near Mathura, Uttar Pradesh. This plant will have a feedstock processing capacity of 600 tonnes per day and will utilize agricultural and livestock waste as well as municipal solid waste (MSW) as feedstock.
With the government’s initiatives to increase the share of natural gas in the country’s energy mix, Adani Total Gas believes that the stability in domestic gas prices and the prioritization of availability to the city gas distribution network will further empower the company to deliver enhanced services and contribute to India’s fuel preferences.
About Adani Total Gas:
Adani Total Gas Ltd, a joint venture between billionaire Gautam Adani’s group and French energy giant TotalEnergies, has announced its plans to invest between Rs 18,000 crore and Rs 20,000 crore over the next 8 to 10 years. The investment aims to expand the company’s infrastructure for providing compressed natural gas (CNG) to automobiles and supplying piped gas to households and industries. This significant commitment demonstrates Adani Total Gas’ dedication to meeting the growing demand for cleaner fuel in India.
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