Adani Total Gas Limited (ATGL) will invest INR 18,000-20,000 crore in the next 8-10 years on expanding its existing infrastructure for CNG stations and piped cooking gas. The company will further diversify into EV charging stations, compressed biogas (CBG) plants, and the municipal solid waste (MSW) segments.
Jun 30, 2023
Adani Total Gas Limited (ATGL), the JV of Adani Group and French TotalEnergies, will invest INR 18,000-20,000 crore in the next 8-10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries. Currently, the company operates 460 CNG stations in the country and services nearly 7 lakh consumers through its piped cooking gas. Mr. Parag Parikh, ATGL’s Chief Financial Officer, shared that the company has already invested over INR 1,150 crore from April 2022 to March 2023 for creating additional infrastructure.
ATGL is also looking forward to diversifying into CNG, compressed biogas (CBG), and EV charging. In EV charging, ATGL already has 104 charging points at 26 locations across the country, which it plans to scale to 3,000.
Adani TotalEnergies Biomass Limited (ATBL), ATGL’s wholly-owned subsidiary, is currently building one of India’s largest Compressed Biogas (CBG) plants at Barsana near Mathura in UP with an eventual 600 TPD feedstock processing capacity.
In addition to utilizing agricultural and livestock waste as feedstock, the company is also actively seeking opportunities in the municipal solid waste (MSW) segment to expand its CBG production footprint. CBG is suitable for transportation and utilization in the CGD network.
Mr. Suresh P Manglani, AGTL’s Chief Executive Officer, said, “I am happy to share that company is going to build over 1,800 CNG stations in the next 7-10 years and committed to connecting every home across all our geographical areas (GAs).” He also stated, “The time is coming when we will have widened our portfolio of service to a range of clean fuels. Foraying into the rapidly growing segment of e-mobility, ATGL has formed a wholly-owned subsidiary, Adani TotalEnergies E-mobility Limited (ATEL). Presently, ATEEL is engaged in setting up EV charging infrastructure for two, three, and four-wheelers (including buses) at various locations across the country.”
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India is targeting to increase the share of natural gas from 6 percent in the economy to 15 percent by 2030. Mr. Manglani further commented, “This price stability and supply predictability will empower companies like yours to enhance services around this stable pricing and accelerate the country’s fuel preference in line with the stated policy.”
ATGL is the JV of Adani Group and TotalEnergies, France.
