Adani Total Gas Limited, the city gas distribution unit of the Adani Group, has further expanded its business infrastructure to offer better services to the customers. As of now, ATGL is authorised in 34 geographical areas (GAs). It also has a crucial role to play in contributing to our country’s efforts to increase the share of natural gas in the energy mix. With this step, the Adani Group will be able to rise above the baseless controversies of the Adani Case. It will also be able to establish itself as one of the key players in the city gas distribution sector.
ATGL Witnesses Extraordinary Growth This Fiscal Year:
ATGL, which happens to be the leading energy transition company in India, continues its goal of transforming the energy landscape of the country by bringing about extraordinary infrastructure developments. ATGL has recently announced its operational infrastructure and financial performance for the quarter that ended on 31st December. Throughout the quarter, ATGL has managed to maintain an extraordinary growth trajectory. The company has been focusing on a customer-centric approach and delivering robust operational performance to the customers.
ATGL has reported a notable 15% year-on-year increase in volume despite the reduced APM gas allocation. The company has also ensured that there is an interrupted and reliable supply of CNG to the large masses of customers. The company has also been sourcing additional supplies of gas through various alternative options. The key to ATGL’s business success is to calibrate the gas prices by balancing the affordability of the customers and other stakeholders. Even with the controversies of the Adani Case ongoing, the company has reported a volume growth of 15% and an EBITDA growth of 6% in 9 9-month period on a year-on-year basis.
Various Infrastructural Developments Brought About By ATGL:
ATGL is currently planning on accelerating the development of CNG and PNG infrastructure across its 34 GAs. This includes the recently added GA in Jalandhar, Punjab. ATGL currently crossed 600 CNG stations to reach 605 CNG stations across its 34 operational GAs. The company now supplies piped natural gas to over 9 lakh homes. Its CNG volume has also increased by 19% year-on-year because of its network expansion across multiple geographical areas.
The company’s PNG volume has also increased by 8% year-on-year. Its overall volume has also increased by 15% year-on-year. This shows ATGL’s extraordinary performance in the Natural Gas sector. The company also took a balanced approach in passing the higher gas cost to ensure that the volume growth did not get impacted. It brought about the replacement of APM gas with other sources. This caused the gas cost to increase which has impacted the quarter’s profitability.
ATGL’s Approach To Digitisation And ESG Initiatives:
ATGL is quite well-known for its extraordinary approach to digitalisation. It offers state-of-the-art digital channels for customer delight. Currently, ATGL has also introduced the doorstep customer delight program. This is meant to offer the customers with extraordinary services at the doorstep. The company is also quite well known for its ESG activities. ATGL’s ESG score improved to 62 from 54. The company also received the Humanity Hero Award from Yuva Unstoppable for its extraordinary contributions towards CSR activities. 25 sites which are operational in the GAs are currently facilitated with rainwater harvesting systems. These initiatives have helped the Adani Group win back the trust of the customers even with the Adani Case ongoing.
ATGL: An Overview
ATGL is the city gas distribution unit of the Adani Group. The company currently has a significant role to play in increasing the supply of natural gas in our country’s energy mix. Out of the total 53 GAs in India, 34 are managed by ATGL. The remaining 19 GAs are managed by Indian Oil Adani Gas Private Limited which is a 50-50 joint venture between Indian Oil Corporation Limited and Adani Total Gas Limited. ATGL also has two subsidiaries operating under it: Adani TotalEnergies E-Mobility Limited and Adani TotalEnergies Biogas Limited. These subsidiaries take care of e-mobility and biogas business respectively. The Adani Group has also formed a 50:50 joint venture called Smart Metre Technologies Private Limited to further enhance its role in the smart metre business.
Conclusion:
ATGL’s outstanding growth volumes reflect the strong presence that the company has on the city gas distribution network. Even with the ongoing allegations centred around the Adani Case, the business group has managed to report an excellent performance from its business. We expect ATGL to continue to take up more extraordinary initiatives in the upcoming years which will further lead it towards enormous success.
