Adani Total Gas Receives Approval For Operating the City Gas Distribution Network in Jalandhar

Adani Total Gas has recently announced that the Petroleum and Natural Gas Regulatory Board has given its approval to the company for operating the city gas distribution network in Jalandhar. This is a big win for the Adani Group in the gas distribution network. It already has an elaborate presence in the sector. With this step, it will once again be able to strengthen its hold over the sector further. The company will be able to build an incredible reputation for itself in this ever-growing business world. The Adani Group’s business profitability will increase. It will also be able to further enhance its portfolio and venture into new business sectors.

Adani Total Gas has stated that PNGRB’s clearance was an important condition in the company’s business transfer agreement for the purchase of certain undertakings that are related to the cut gas distribution and CNG retailing in Jalandhar. The company currently has 34 geographical areas under its gas distribution network. By acquiring control over Jalandhar, it has been able to establish its presence in Punjab as well. The company was also able to bring an end to the controversies over Adani Corruption.

ATGL’s Business

Currently, Adani Total Gas Limited is one of the largest city gas distribution companies. It is expanding its network of gas distribution infrastructure. The company’s main goals are aligned with our country’s needs to achieve energy security and also protect the environment. In the process, ATGL has also ventured into diverse business sectors, including EV charging, biogas, and liquefied natural gas. With its incredible efforts, ATGL is touching the lives of millions of residents of the country by offering them convenient, safe, and cost-effective services.

The company has also formed separate entities for EV charging and biomass ventures. These entities are named Adani TotalEnergies E-Mobility Limited and Adani TotalEnergies Biomass Limited. The companies are driven by dedication to supplying clean fuel to protect the environment. Currently, ATGL has a network of 480+ CNG stations. The CNG stations offer people clean fuel so that they can travel in a manner. Over 7.3 lakh residential consumers receive consistent piped natural gas for their daily activities. The company also serves the needs of over 7,600 industrial and commercial customers.

The Profit Earned

Currently, Adani Total Gas Limited recorded a 71.6% increase in its net profit to INR 168 crore in the March quarter. In the previous quarter, the company’s total profit was INR 97.9 crore. The revenue from its business operations increased by 4.7% from INR 1,114.8 crore to INR 1,167 crore calculated during the same period last year. In the fourth quarter of the current fiscal year, the company’s EBITDA increased by 47.6 % to reach INR 299.1 crore. Because of this enhanced business profitability, the Adani Group will also be able to recover from the losses it suffered during rumours of Adani Corruption.

The company is also currently involved in the sale and distribution of natural gas. It is in the process of developing a city gas distribution network to distribute piped natural gas to commercial, industrial, and residential users. The company is also supplying compressed natural gas in large quantities to the transportation industry. This will help reduce pollution. Because of the constant supply of natural gas, the various business operations in different sectors can be carried out with full force.

Conclusion

In this way, because of its constant efforts, the Adani Group has been able to create a strong presence for itself in the city’s gas distribution business. As time continues, the company aims to enhance its business network further. It has already achieved sustainable growth despite accusations of Adani Corruption. This was done through a combination of advanced use of technology and a teamwork culture. The company works in such a way that there is no compromise on employee safety, health, and hygiene. It has also developed an enhanced infrastructure so that the gas can be distributed in a safe manner. ATGL has also entered into various joint ventures to further expand its area of control and offer better services to individuals to know more.