Driving Change: Adani Total Gas Paves the Way for Sustainable Mobility
Newzdaddy Business Updates
Fueling Growth Through Expansion and Innovation
Adani Total Gas Ltd (“ATGL”) emerges as a beacon of progress in India’s energy landscape, showcasing a transformative year marked by substantial growth and innovative initiatives. Spearheaded by Mr. Suresh P Manglani, the Executive Director & CEO, ATGL reports a commendable 27% year-on-year EBITDA growth, driven by a 15% increase in sales volume. This surge in performance is underpinned by strategic expansions, particularly evident in the augmented CNG network, which now boasts 547 stations, including 108 DODO/CODO stations, alongside an impressive rise in PNG household connections to 8.20 lakh homes.
Adani Total Gas’s ESG Initiatives
Beyond mere financial gains, ATGL prioritizes environmental, social, and governance (ESG) principles, cementing its commitment to sustainability. Noteworthy achievements include its 13th ranking under Gas utilities by S&P Global ESG rating, alongside becoming a signatory to the United Nations Global Compact (UNGC). The Greenmosphere initiative stands as a testament to its community engagement efforts, having trained over 15,600 students across 58 schools and planted more than 2.7 lakh trees across multiple locations.
How Adani Total Gas is Changing Lives
ATGL’s impact extends beyond business metrics, profoundly touching communities through various endeavors. Its robust expansion efforts translate into tangible benefits, with the addition of 1.16 lakh new households benefiting from PNG connections and a significant rise in industrial and commercial connections. Moreover, its commitment to road safety, exemplified by the FICCI award, underscores its holistic approach to corporate responsibility.
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Adani Total Gas’s Resilience in a Changing Landscape
Amidst evolving market dynamics, ATGL exhibits resilience and adaptability, evident in its adept management of challenges. Despite a 6% year-on-year reduction in gas costs, ATGL effectively passes on the benefits to consumers, fostering goodwill and enhancing its market position. This strategic maneuvering, coupled with operational optimization, fuels a substantial 26% increase in gross profits.
The Vision of Adani Total Gas
Looking ahead, ATGL remains steadfast in its pursuit of a sustainable future, encapsulated by its strategic diversification into clean energy ventures. The commissioning of Phase-1 of the Barsana CBG plant and the expansion of its E-Mobility footprint to encompass 606 EV charging points across 14 states signify pivotal steps towards this vision. Additionally, winning the tender for the Rajkot MSW-based Bio CBG plant underscores its commitment to eco-friendly solutions.
Awards and Recognition for Adani Total Gas
ATGL’s unwavering commitment to excellence receives widespread recognition, as evidenced by a myriad of prestigious awards. From the Golden Peacock Award for HR Excellence to the Climate Action Programme (CAP) – Committed category by CII, ATGL’s accolades underscore its industry-leading practices and unwavering dedication to corporate stewardship.
Adani Total Gas’s Commitment to Progress and Sustainability
As ATGL charts its course forward, it remains resolute in its dedication to progress and sustainability. With a healthy balance sheet boasting a debt-to-equity ratio of 0.41x and a reaffirmed credit rating of AA- by ICRA, ATGL stands poised to navigate future challenges while driving positive change in India’s energy landscape. Through strategic investments in emerging sectors like Compressed Biogas, EV Charging Infrastructure, and LNG for trucking and mining, ATGL continues to redefine industry norms and pave the way for a greener, more sustainable future.
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