Adani Total Gas to spend $1.6bn on new city gas projects in India
India’s Adani Total Gas (ATGL) will spend 120bn rupees ($1.6bn) in developing new city gas distribution (CGD) projects in areas for which it secured licences in the latest bidding round, it said on January 31.
ATGL, a joint venture between Adani Group and TotalEnergies, won licences to retail CNG to automobiles and piped natural gas to households in 14 geographical areas (GAs) bid out in the latest 11th bidding round.
“Adani Total Gas is one of India’s pioneers in environment-friendly piped natural gas and compressed natural gas. Now with the authorisation of additional 14 geographical areas, our presence expands from 39 to 95 districts,” CEO Suresh Manglani said.
ATGL said it is now the largest CGD company catering to 52 GAs, 19 of which are operated along with its joint venture partner Indian Oil Corporation. These 52 GAs account for 15% of the country covering 124 districts across 18 states and three union territories.