Adani Total Gas Limited
In 2020, TotalEnergies purchased 50% of Adani Gas Ltd which was late renamed to Adani Total Gas Ltd (ATGL). With this venture, TotalEnergies now has a stake of 37.4% in ATGL and has an investment of more than $700 Million.
ATGL is one of the largest city gas distribution (CGD) company having a presence across 52 geographical areas, covering 124 districts and catering to 14% of the overall population of India. Having a network of 480 plus CNG stations has helped people fuel-up and travel longer distances. Over 7.3 lakh residential consumers and 7600 plus industrial and commercial consumers enjoy safe, convenient, and uninterrupted piped natural gas respectively.
Apart from CGD, ATGL has diversified into electric vehicles (EV) charging, biogas, and liquefied natural gas (LNG) to sustain the ever-growing needs of energy security and environment protection. ATGL has formed Special Purpose Vehicles (SPVs) for EV charging christened Adani TotalEnergies E-Mobility Ltd (ATEEL). The company currently operates 310 EV charging stations at 93 sites. ATGL has also formed Adani TotalEnergies Biomass Ltd. which has established the first Compressed Biogas (CBG) station that is functional at Varanasi and has a capacity of 3 tonnes per day (TPD). Another Biomass plant coming up at Barsana will have a production capacity of 42.6 TPD for CBG, 217 TPD for solid biofertilizer, and 74 KLPD for liquid biofertilizer. Thus, ATGL is driven by a commitment to supply clean fuel to protect the environment.