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Business Standard
30-07-2025
- Business
- Business Standard
Think Gas to invest ₹10,000 cr, aims for top spot in city gas distribution
Think Gas is poised to become the number one city gas distribution (CGD) player in India in the next five years, with plans lined up to invest around ₹10,000 crore, said a top company executive on Wednesday. The company said that the proposed merger between AG&P Pratham and Think Gas will be complete by the first half of 2026, through which it will overtake Indraprastha Gas (IGL), Mahanagar Gas (MGL), and Gujarat Gas to become the second-largest CGD company in India. 'The merger will be complete within the next nine months. We will become the second-largest CGD company, next only to Adani Total Gas, through this,' said Chiradeep Datta, director and chief operating officer, Think Gas. 'We are also planning to invest around Rs 10,000 crore over the next five years to get into the numero uno position,' he told Business Standard. The company has already invested around ₹8,000 crore in the segment. It is awaiting clearance from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the deal. Datta added that the company also has plans to utilise its retail network to sell liquefied natural gas (LNG), set up charging points for electric vehicles, and also retail petrol and diesel — an idea already under consideration by the government. It was in February 2025 that both AG&P Pratham and Think Gas announced the merger to form Think Gas. I Squared Capital will be a major shareholder in the combined entity, while other shareholders include Osaka Gas, Sumitomo Corporation, Konoike Group, Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), and AG&P Global. 'Our target is to have over 1 million households and 1,500 fuelling stations in the next few years, from around 550,000 houses and 500 outlets in our network now,' said Datta. Interestingly, media reports indicate that Adani Total Gas already has over 1.1 million residential customers for piped natural gas (PNG) and over 1,000 compressed natural gas (CNG) stations, in addition to 10,417 industrial and commercial customers. Think Gas's network spans 19 geographical areas (GAs) across Andhra Pradesh, Bihar, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, and Tamil Nadu, comprising around 17,000 inch-km of steel pipeline connecting industrial and commercial establishments. Datta said the leadership team of both companies has already been integrated, with Abhilesh Gupta as managing director and chief executive officer. Similarly, for technology integration, it has joined hands with ABB India Ltd, which is offering end-to-end automation and digitalisation of their network across 10 states. Using ABB's cloud-based automation platform, Think Gas has centralised operations and real-time visibility of its CGD networks from its control room in Chennai. 'By digitalising and centralising our natural gas distribution networks, we have significantly boosted operational efficiency, optimised manpower requirements, and leveraged real-time data to make better decisions,' he added. In a statement, the company said it will increase its pipeline network to 24,000 inch-km, feeding over 2,000 CNG stations and 180 million customers in the next few years, and covering 324,000 square kilometres.
Business Standard
29-07-2025
- Business
- Business Standard
Adani Total Gas consolidated net profit declines 3.84% in the June 2025 quarter
Sales rise 20.35% to Rs 1378.58 crore Net profit of Adani Total Gas declined 3.84% to Rs 165.24 crore in the quarter ended June 2025 as against Rs 171.84 crore during the previous quarter ended June 2024. Sales rose 20.35% to Rs 1378.58 crore in the quarter ended June 2025 as against Rs 1145.49 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 1378.581145.49 20 OPM % 21.2725.74 - PBDT 277.90277.45 0 PBT 222.29231.73 -4 NP 165.24171.84 -4
Time of India
29-07-2025
- Business
- Time of India
Adani Total Gas June quarter net profit declines 8%
NEW DELHI: Adani Total Gas on Monday reported an 8% fall in its June quarter net profit after a cut in supply of cheaper domestically produced gas led to higher input prices. Net profit was Rs 162 crore compared with Rs 177 crore a year back, according to a company statement. Cost of natural gas rose 31 per cent to Rs 1,049 crore in the quarter. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Recorder
28-07-2025
- Business
- Business Recorder
India's Adani Total Gas posts lower quarterly profit as input costs rise
India's Adani Total Gas reported a drop in quarterly profit on Monday, as gas purchases became costlier after the government cut cheap supply. The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 3.8% from a year earlier to 1.65 billion rupees ($19 million) in the June quarter. The Indian government in April reduced the allocation of low-cost natural gas to city gas distributors such as Adani Total Gas, citing a decline in domestic output by gas producers. India's natural gas production fell 0.9% year-on-year in April, and 3.6% and 2.8% in May and June, respectively. To maintain uninterrupted supply, the company had to bridge the shortfall by sourcing more expensive natural gas. India's Adani Enterprises' public debt issue oversubscribed on launch day, bankers say The company's natural gas costs rose 30.6%, leading to a 27% rise in its total expenses to 12.88 billion rupees. Its CNG volumes, which account for more than half of its total sales, grew 21% during the quarter, as the company expanded its network. Adani Total Gas added 3 new CNG stations during the quarter, taking its total to 650 as of June 30. Sales volume in its piped natural gas segment grew by 6%. Total revenue from operations rose 20.9% to 14.98 billion rupees. Its shares closed nearly flat ahead of the results announcement.
Time of India
28-07-2025
- Business
- Time of India
Adani Total Gas Q1 Results: Cons PAT down 4% YoY to Rs 165 crore but revenue rises 21%
Adani Total Gas (ATGL) on Monday reported a 4% fall in its Q1 consolidated net profit to Rs 165 crore versus Rs 172 crore in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the company. The company's revenue from operation stood at Rs 1,498 crore which was up 21% from Rs 1,239 crore reported in the corresponding quarter of the last financial year. Explore courses from Top Institutes in Please select course: Select a Course Category others Healthcare Data Science MCA Artificial Intelligence Others Degree Cybersecurity Technology Project Management CXO Data Analytics healthcare Data Science Management Public Policy Leadership PGDM MBA Design Thinking Finance Product Management Digital Marketing Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo The PAT was 7% higher on a quarter-on-quarter basis over Rs 155 crore reported in Q4FY25. The topline was 3% up versus Rs 1,453 crore in the January-March quarter of FY25. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter stood at Rs 301 crore and the installed EV charging points increased to 3,801. In its filing to the exchanges, ATGL said that the overall volume was up by 16% in Q1 FY26 on a YoY basis. The CNG network increased to 650 stations, adding 3 stations while the PNG household increased to 9.90 lakh PNG homes, an addition of 26,869 new homes. Live Events The company increased industrial & commercial connections to 9,456 with 157 new customers added in the quarter under review. It completed a cumulative 14,197 Inch Km of Steel Pipeline network. The combined CNG and PNG volume of 267 MMSCM was recorded, an increase of 16%, YoY. The combined supply of APM and New Well Gas (NWG) / Intervention Gas for the CNG segment was at 61%. Adani Total Gas (ATGL) and Jio-bp partnership ATGL and Jio-bp (operating brand of Reliance BP Mobility Limited) signed an agreement to provide Fuel Offerings to consumers. Under this partnership, select ATGL fuel outlets will offer Jio-bp's high-performance liquid fuels (petrol and diesel), while within ATGL's authorised Geographical areas, select Jio-bp fuel outlets will integrate ATGL's CNG dispensing units, thus enhancing the supply of high-quality fuels to transport consumers. Commenting on the results, ED & CEO Suresh P Manglani said, 'During the quarter, we achieved a robust year-on-year volume growth of 16%, driven by a 21% increase in CNG volumes. We are continuing expansion of our CGD networks across all 34 Geographical Areas (GAs) with over 14,000 inch-km of backbone steel pipelines, 650 CNG stations and are very close to touching 1 million consumers base. EV charging points have increased to over 3,800. This all-round superior performance was delivered while APM gas allocation for CNG was at 43% and the balance supplies were being offset with allocation of higher priced new wells and HPHT (High Pressure High Temperature) gas. "Looking ahead, we are focused on expanding not only our CGD infrastructure across our geographical areas but also our LNG, e-mobility solutions, and CBG (Compressed Biogas) businesses. During the quarter, we commissioned our first CBG station in Haryana," he added.
