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Navin Choudhary SEBI RIA

23rd May 2025 · SEBI-Registered Analyst

About Adani Total Gas Ltd

ATGL
AGL is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users. Key Points Promoter Groups Adani Group and Total Energy jointly promote the company, each holding a 37.4% stake. Adani Group is one of India’s largest and fastest-growing diversified business conglomerates, with a presence across transport, logistics, energy, utilities, materials, metals, mining, and various B2C sectors. TotalEnergies is a global leader in multi-energy solutions, producing and marketing oil, LNG, low-carbon energies, renewables, and electricity, with 1,00,000+ employees operating in 130 countries. Business Verticals 1) Gas Distribution: The company is among India’s largest players in the CGD sector, supplying piped and compressed natural gas across 53 geographical areas in 125 districts, covering 14% of the country’s population. This includes 19 areas managed through Indian Oil-Adani Gas Pvt Ltd (IOAGPL), a 50:50 JV between Adani Total Gas and Indian Oil Corporation. Standalone Sales Volumes: CNG (MMSCM): 663 in FY25 vs 459 in FY23 PNG (MMSCM): 330 in FY25 vs 294 in FY23 Network Infrastructure: CNG Stations (Nos): 1,072 in FY25 vs 505 in FY23 Steel Network (Inch-Km): 24,906 in FY25 vs 11,712 in FY23 PNG Home Connections (Lakhs): 11.4 in FY25 vs 7.79 in FY23 PNG Industrial Connections (Nos): 3,398 in FY25 vs 2,626 in FY23 PNG Commercial Connections (Nos): 7,019 in FY25 vs 5,445 in FY23

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