ATGL

Core business with structural demand: ATGL is a leading player in city-gas distribution (CGD) — supplying piped natural gas (PNG) to homes, commercial/industrial users and compressed natural gas (CNG) to vehicles. Steady growth in volumes & revenues (recent quarters): In Q2 FY26 (quarter ended Sep 2025), ATGL reported a ~19 % rise in operating revenue (to Rs 1,569 crore), driven by growth in gas volumes (CNG + PNG). Long-term infrastructure play / energy transition: As India pushes for cleaner fuels and increased gas penetration (CNG/PNG/EV-fuel mix), a city-gas distributor like ATGL remains strategically positioned. Large footprint and scale: The company has a wide network of CNG/PNG distribution points across many geographical areas.