About Adani Total Gas Ltd
The company is headquartered in Ahmedabad, Gujarat. Adani Total Gas Ltd benefits from the backing of its promoters, the Adani Group and Total Energies. This collaboration has enabled the company to leverage resources and expertise. It is driving growth and innovation in the natural gas sector.
The company’s main products, PNG and CNG, are integral to its operations. It meets the energy needs of a diverse customer base. Adani Total Gas continues to expand its infrastructure and services. It contributes to the availability of cleaner energy alternatives across India.
Suresh P. Manglani, the Executive Director & Chief Executive Officer, and Gautam Adani, the Chairman, lead the company. It is steered by a team of experienced professionals committed to excellence and sustainability.
The registered office of Adani Total Gas Ltd is located at Rampura-Danora Road, Opp Reliance Company, Gate No. 7, Post Koili, Vadodara, Gujarat 391330. The registrar of the company is Link Intime India Pvt. Ltd. The promoter shareholding of the company is 74.8%.
Here are the top managing promoters of the company:
- Gautam S Adani
- Suresh Manglani
- Pranav V Adani
- Olivier Sabrie
- Sangkaran Ratnam
The company’s reputation and market position underscore its significance in the natural gas distribution industry. Adani Total Gas Ltd continues to pioneer efforts in providing efficient and reliable natural gas solutions. This fact reinforces its status as an industry leader.
Company Impact
Adani Total Gas Ltd has made a significant impact on the natural gas distribution sector in India since its establishment in 2005. It is a joint venture between the Adani Group and TotalEnergies. The company has been instrumental in expanding the availability of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) across various sectors. This includes industrial, commercial, domestic, and transport.One of the most notable contributions of Adani Total Gas is its pioneering initiative in blending green hydrogen with natural gas. This project was launched in Ahmedabad. It aims to reduce greenhouse gas emissions and support India’s transition to cleaner energy solutions. It has blended 2.2-2.3% of green hydrogen in piped natural gas supplies. The company is setting a precedent for sustainable energy practices. This initiative lowers emissions, enhances energy security, and supports sustainable development.
Adani Total Gas has also been a key player in expanding the city gas distribution (CGD) network across India. The company recently secured a $375 million financing package from international lenders. It was to accelerate the expansion of its CGD network into 34 authorised terrestrial areas across 13 states. The increased penetration of PNG and CNG infrastructure is creating an ecosystem for a gas-based economy. This is crucial for India’s energy future. This expansion is expected to benefit up to 14% of India’s population. This figure covers more than 200 million people.
The company faced many issues, like a significant drop in its stock price. Also, the Hindenburg Research report in January 2023. Despite such challenges, Adani Total Gas has continued to demonstrate resilience and commitment to its growth plans. The company’s ability to secure substantial funding and expand its infrastructure highlights its importance in the natural gas sector.
Adani Total Gas Ltd’s impact on the natural gas distribution sector is profound. Through its innovative projects, commitment to sustainability, and expansion efforts, the company is playing a crucial role in shaping India’s energy landscape and contributing to a cleaner, greener future. Adani Total Gas Ltd has been making significant strides in the natural gas distribution sector, particularly with its recent green hydrogen blending project in Ahmedabad. This initiative is a significant step towards reducing carbon emissions and promoting sustainable energy solutions. By blending 2.2-2.3% of green hydrogen with natural gas, the company is lowering greenhouse gas emissions and enhancing energy security.
The company’s expansion efforts have been bolstered by a $375 million financing package from international lenders. This funding will accelerate the development of the Adani Total Gas’ city gas distribution (CGD) network across 34 legal geographical zones in 13 states. This acceleration is potentially promoting up to 14% of India’s population. This expansion is expected to create a robust ecosystem for a gas-based economy, which is crucial for India’s energy future.
Despite challenges such as irregular CNG supply in certain regions, Adani Total Gas continues to demonstrate resilience and commitment to its growth plans. The company’s ability to secure substantial funding and expand its infrastructure highlights its importance in the natural gas sector.
Adani Total Gas Ltd’s impact on the natural gas distribution sector is profound. It has many innovative projects, a commitment to sustainability, and expansion efforts. The company is playing a crucial role in shaping India’s energy landscape and contributing to a cleaner, greener future.
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