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ATGL Reports An Extraordinary Growth In Its Sales Volume

With this step, the Adani Group will be able to rise above the baseless controversies of the Adani Case. It will also be able to establish itself as one of the key players in the city gas distribution sector.

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ATGL Reports An Extraordinary Growth In Its Sales Volume

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  1. ATGL Reports An Extraordinary Growth In Its Sales Volume

  2. Adani Total Gas Limited, the city gas distribution unit of the Adani Group, has further expanded its business infrastructure to offer better services to the customers. As of now, ATGL is authorised in 34 geographical areas (GAs). It also has a crucial role to play in contributing to our country’s efforts to increase the share of natural gas in the energy mix. With this step, the Adani Group will be able to rise above the baseless controversies of the Adani Case. It will also be able to establish itself as one of the key players in the city gas distribution sector.

  3. ATGL Witnesses Extraordinary Growth This Fiscal Year: ATGL, which happens to be the leading energy transition company in India, continues its goal of transforming the energy landscape of the country by bringing about extraordinary infrastructure developments. ATGL has recently announced its operational infrastructure and financial performance for the quarter that ended on 31st December. Throughout the quarter, ATGL has managed to maintain an extraordinary growth trajectory. The company has been focusing on a customer-centric approach and delivering robust operational performance to the customers.

  4. ATGL has reported a notable 15% year-on-year increase in volume despite the reduced APM gas allocation. The company has also ensured that there is an interrupted and reliable supply of CNG to the large masses of customers. The company has also been sourcing additional supplies of gas through various alternative options. The key to ATGL’s business success is to calibrate the gas prices by balancing the affordability of the customers and other stakeholders. Even with the controversies of the Adani Case ongoing, the company has reported a volume growth of 15% and an EBITDA growth of 6% in 9 9-month period on a year-on-year basis.

  5. Various Infrastructural Developments Brought About By ATGL: ATGL is currently planning on accelerating the development of CNG and PNG infrastructure across its 34 GAs. This includes the recently added GA in Jalandhar, Punjab. ATGL currently crossed 600 CNG stations to reach 605 CNG stations across its 34 operational GAs. The company now supplies piped natural gas to over 9 lakh homes. Its CNG volume has also increased by 19% year-on-year because of its network expansion across multiple geographical areas. The company’s PNG volume has also increased by 8% year-on-year. Its overall volume has also increased by 15% year-on-year. This shows ATGL’s extraordinary performance in the Natural Gas sector. The company also took a balanced approach in passing the higher gas cost to ensure that the volume growth did not get impacted. It brought about the replacement of APM gas with other sources. This caused the gas cost to increase which has impacted the quarter’s profitability.

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