New Delhi: India’s leading energy transition company Adani Total Gas (ATGL) has continued its mission of transforming India’s energy landscape through extensive infrastructure development. Today ATGL announced its operational, infrastructural, and financial performance for the quarter and half year ended 30th September 2024.
‘Aligned With India’s Energy Transition Goals’
The company has said, “ATGL has reported healthy operational and financial performance during the quarter. Our business is closely aligned with India’s energy transition goals which we are delivering by providing cleaner and greener energy solutions to all our consumers.
We now reach over 9 lakh consumers through our piped gas network supplying uninterrupted piped natural gas. We have commissioned our first LNG station for the transportation segment and progressing towards covering key highway networks aiding India’s decarbonization march.”
Following the recent reduction in APM gas allocation, which caters to auto CNG and home PNG consumers, we are closely monitoring the situation and given our diversified gas sourcing portfolio, we will ensure a calibrated pricing approach to balance
Operations Commentary
CNG Volume increased by 19% Y-o-Y on account of network expansion across multiple Geographical Areas (GAs).
With stabilisation of gas prices, there has been an increase in consumption of PNG Industrial volume, and coupled with the addition of new PNG connections in domestic and commercial segments, PNG Volume has increased by 7% Y-o-Y
Through the Greenmosphere program, 1150 trees were planted across stations Total of 18,963 training man hours were conducted through 705 safety training programs
About Adani Total Gas
Given its gas distribution, ATGL is authorised in 34 Geographical Areas and plays a significant role in the nation’s efforts to enhance the share of natural gas in its energy mix. Of the 53 GAs, 34 are owned by ATGL, and the balance 19 GAs are owned by Indian Oil-Adani Gas Private Limited (IOAGPL) – a 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited.
Further, ATGL has formed 2 wholly owned subsidiaries namely Adani TotalEnergies E-Mobility Ltd (ATEL) and Adani TotalEnergies Biomass Ltd (ATBL) for its E-Mobility and Biomass Business respectively. ATGL has also formed a 50:50 joint venture, namely Smart Meter Technologies Private Limited for its gas meter manufacturing business.
