Adani Total Gas Ltd's Strong Performance and Expansion Plans in India
Key Ideas
- Adani Total Gas Ltd (ATGL) showed significant growth in operational and financial performance in Q2 FY25, with a 7.5% increase in net profit and a 12% rise in revenue from operations.
- The company focused on expanding its compressed natural gas (CNG) and piped natural gas (PNG) distribution networks, along with a robust plan to increase the number of electric vehicle (EV) charging stations to over 3,000.
- ATGL leveraged digital technology for consumer engagement, with 98% of interactions managed through the My AdaniGas app, and initiated a hydrogen blending program in Ahmedabad for blended PNG consumers.
- The company raised USD 375 million for network infrastructure development, reflecting a strong commitment to accelerating energy network expansion in India.
Adani Total Gas Ltd (ATGL) in India demonstrated strong operational and financial performance in the second quarter of the financial year 2025. Suresh P Manglani, the CEO and Executive Director of ATGL, highlighted the company's progress, attributing the success to network expansion and increased natural gas consumption. The company focused on expanding its CNG distribution network, with plans to reach 1,000 CNG stations in partnership with IOAGPL. Additionally, ATGL expanded its PNG network and emphasized its EV charging infrastructure, aiming to increase the number of charging points to over 3,000 across strategic locations. Leveraging digital technology, ATGL enhanced consumer engagement through the My AdaniGas app and initiated a hydrogen blending program in Ahmedabad. The company's financial results showed a 7.5% increase in net profit and a 12% rise in revenue from operations. With a focus on infrastructure development, ATGL raised USD 375 million to accelerate its network expansion program, reflecting a positive outlook on energy transition and growth in India's energy sector.