Adani Total Gas Limited Profile

Adani Total Gas Ltd founded in 2005, is India’s largest city gas distribution company, providing piped natural gas to the industrial, commercial and residential sectors and CNG in the transport sector. The Company is engaged in the development of a City Gas Distribution (CGD) network across 33 geographic areas on its own account and 19 in partnership with Indian Oil Corporation Limited.

Profile of Adani Total Gas

Adani Total Gas ltd is India’s largest city gas distribution company. ATGL is also entering into the generation / distribution of clean energy from biomass, electric vehicle charging, a one basketone wallet approach. ATGL also ventured into the manufacture of smart meters.

Adani Total Gas Limited is a public limited company domiciled in India and was incorporated on 5th August, 2005 under
the Companies Act, 1956, having its registered office at “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421.

The name of the Company has changed from Adani Gas Limited to “Adani Total Gas Limited” w.e.f. 1st January, 2021. Its
shares are listed on BSE Limited and National Stock Exchange of India Limited. ATGL is engaged in City Gas Distribution (“CGD”) business and supplies natural gas to domestic, commercial, industrial and vehicle users.

The company is exploring of doing businesses of bio gas, bio fuel, bio mass, LCNG, HCNG, EV, Hydrogen, manufacturing of various equipment and provision of value-added services relating to CGD business

TotalEnergies Holdings SAS, the world’s second largest LNG private player, acquired 37.4% of the equity capital of the Company in February 2020, becoming a co-Promoter. Following this transaction, the equity holding of Adani Total Gas Limited was held equally between the Adani Group and TotalEnergies.

The Company has been consistently reporting efficient and outperforming the EBIDTA margins in India’s CGD sector.
A portfolio of strategically located CGD authorisations can be a potent economic multiplier for ATGL. The Company is India’s largest private CGD company, enjoying an alliance with TotalEnergies and Indian Oil.

The Company’s attractive prospects are underpinned by a supportive global direction and national policy. The Company has capitalised in effective gas sourcing, sustainable cost leadership, competitive gas distribution, future-proofing the existing
business with new business lines and growth with responsibility (ESG and HSE compliance at the core).

Piped Natural Gas Business

Piped natural gas (PNG) has gained traction on account of its convenience, cleanliness, safety, value proposition and anytime
availability. ATGL had marketed PNG to more than 0.56 Million domestic households by the end of the year under review and was engaged in widening its access.

  • 56.87 MMSCM Volume in 2021-22
  • 0.56 Million, Residential customers as on 31st March, 2022

Business segments Commercial PNG

The Company provides piped natural gas to commercial customers. These customers comprise hotels, restaurants,
shopping malls, temples and crematoriums. These customers get the benefit of clean fuel, lower space requirement, safety,
no logistics and lower costs. The Company grew the number of commercial customer services following authorisation to cover a larger pan-Indian geographic spread.

  • 14.35 MMSCM, Volume in 2021-22
  • 3,856 Commercial customers as on 31st March, 2022

Business segments Industrial PNG

Industrial PNG services the needs of users who utilise boilers, thermic fluid heaters, direct fired dryers, textile processing, heat treatment, wire drawing, casting and forging application, among others. The Company’s network covers industrial belts and units in the GAs of the Company’s presence, assuring users of an uninterrupted supply of natural gas to decelerate carbonisation and emissions.

  • 265.80 MMSCM, Volume in 2021-22
  • 1,820 Industrial customers as on 31st March, 2022

Business segments Compressed natural gas

Compressed Natural Gas (CNG) is a preferred transportation fuel due to its attractive value proposition and widening panIndian outlet footprint. CNG comprises natural gas compressed to a pressure of 200-250 kgs/cm² to enhance storage capacity in vehicles.

  • 359.70 MMSCM, CNG sales volume in 2021-22
  • 334 Number of CNG outlets as on 31st March, 2022

CNG is an important component of the Government of India’s vision of natural gas, likely to account for 15% of India’s energy mix by 2030. Most prominent original equipment manufacturers launched CNG automobile models with a waiting period of 6-8 months for some models, building prospective CNG demand. A growth in CNG-based vehicles as a preferred mode of transport represents hope for the ecology and urban world.

Presence of Adani Total Gas

Adani Total Gas enjoys a direct presence in 33 geographic areas; with 14 GAs added to ATGL following the 11th Round CGD
bidding. ATGL has increased its geographic area spread almost 8x in four years. Thirteen GAs were won in the 9th round CGD bidding, two GAs in the 10th round in addition to four GAs prior to the 9th and 10th rounds.

Adani Total Gas is authorised to commission city gas infrastructure and supply natural gas in 29 (GA’s from 9th, 10th and 11th Bid round) new geographical areas in Gujarat, Haryana, Karnataka, Tamil Nadu, Rajasthan, Madhya Pradesh, Uttar
Pradesh, Chattisgarh, Odisha, Maharashtra, Jharkhand and Assam.

The Company’s joint venture (50:50) with Indian Oil Corporation (Indian Oil-Adani Gas Private Limited) operates CGD
networks in 19 geographic areas in Uttar Pradesh, Punjab, Haryana, Kerala, Uttarakhand, Karnataka, Goa, Bihar, West Bengal and the Union Territory of Daman.

The JV was entered into in 2013-14 to capitalise on a growing preference for natural gas and leverage mutual infrastructure and domain expertise. The joint venture had won nine GAs in the 9th Round bidding and one GA in the 10th Round Bidding with eight licenses in the prior CGD bidding rounds. IOAGPL is gaining momentum by the virtue of being an established CGD player.

Indian Oil-Adani Gas Private Limited (IOAGPL)

This 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited was created in 2013-14 to capitalise on a growing natural gas demand as well as mutual infrastructure and domain competence.

  • 19 Geographic areas
  • 2,999 Km of MDPE pipeline and 827 Km of steel pipeline network created
  • 122.60 (₹ Crore) EBITDA
  • 216 CNG stations

Indian Oil Corporation Limited’s operational track record, existing infrastructure, LNG import terminal and retail outlets were complemented by the widening CGD experience of Adani Total Gas Limited.

Total Energies Promoter

TotalEnergies is an energy company committed to provide affordable, cleaner, reliable and accessible energy to people.
TotalEnergies promotes renewable, decarbonise energies, produces and markets fuels, natural gas and electricity. TotalEnergies prudently invests in solar and wind power, intending to emerge as one of the top five global producers of renewable energy by 2030.

To preserve the planet in the face of the climate challenge, TotalEnergies is moving towards new energies. TotalEnergies is present across the entire value chain from production to distribution. TotalEnergies employs 105,000 people across 160 nationalities and 730 metiers, strengthening its competitiveness. TotalEnergies is active in more than 130 countries and nearly 800 production sites worldwide.

Raveendran R
Editor @ Indiancompaies.in

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