Adani Total Gas Ltd (ATGL), a joint venture between Adani Group and TotalEnergies, plans to invest Rs 16,000 crore over the next seven years to expand its network of CNG stations and pipeline infrastructure to cater to India’s growing demand for natural gas. As of December 2024, ATGL has a CNG station network of 605 stations and 922,000 domestic homes on piped natural gas, with a pipeline infrastructure of 13,000-kilometer length. The company is also expanding its electric vehicle (EV) charging points, aiming to reach 3,000 points by March-April this year, with a current presence in 20 airports across India.
ATGL is also pushing into the liquefied natural gas (LNG) for transport and mining (LTM) business, having commissioned its first LNG station in Tirupur, Tamil Nadu, last year. The company plans to build a network of 50 LNG retail outlets along major highways, ports, mines, and industrial hubs, investing Rs 200-250 crore over the next 3-5 years. Setting up an LNG station can cost up to Rs 8-12 crore, while a fuel retail outlet costs only up to Rs 1.5 crore.
The company is optimistic about the natural gas consumption story, driven by the growth in industries, logistics, and transportation sectors. The improved road infrastructure and liquefied natural gas pricing have made the long-haul LNG trucking segment attractive for energy companies. With its strong presence in CNG, piped natural gas, and LNG segments, ATGL is poised to capitalize on the growing demand for natural gas in India.