Latest news with #Manglani
The Print
28-04-2025
- Business
- The Print
Adani Total Gas volumes rise 13% in March quarter, 15% in entire FY25 fiscal
The Adani Group company's combined network now has 1,072 CNG Stations, with 73 new stations added in the quarter. Ahmedabad (Gujarat) [India], April 28 (ANI): Adani Total Gas reported its financial results for the January-March quarter and the entire financial year 2024-25 on Monday. The Adani Group's business, in terms of volume, rose 13 per cent in the March quarter and 15 per cent in the entire fiscal year. PNG home connections crossed the 1 million mark (1.14 million), touching over 4 million lives on a daily basis. The company grew its industrial and commercial connections to 10,417 by adding 468 new consumers during the quarter. It also completed a cumulative 24,906 inch-km of steel pipeline network. In another key financial metric, the company's revenue from operations, on a standalone basis, increased by 15 per cent, reaching Rs 1,448 crore in the January-March quarter. In the entire year, revenue from operations increased by 12 per cent, reaching Rs 5,398 crore, primarily due to higher volume in the CNG segment. Adani Total Gas (ATGL), one of India's leading energy transition companies, announced its operational, infrastructural and financial performance for the quarter and year ending March 2025. During the year, Team ATGL has continued its thrust to expand access to PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations). ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15 per cent year-on-year increase in volume, accelerating operations excellence supported by digitalisation which has contributed in maintaining EBITDA of INR 1,167 Crs despite challenges faced by CGD sector on domestic gas allocation,' said Suresh P Manglani, ED and CEO, ATGL. 'Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed, of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at the Barsana plant, we have launched the brand 'Harit Amrit' for the sale of an organic fertiliser. We have commissioned our 1st LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with a customer-centric approach and continue to have sustainable growth,' Manglani added. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
NDTV
28-04-2025
- Business
- NDTV
Adani Total Gas Reports 15% Operational Revenue Growth In Q4 FY2025
Ahmedabad: Adani Total Gas Limited (ATGL) on Monday reported strong results, with revenue from operations increasing by 15 per cent at Rs 1,448 crore in Q4 FY25. For the entire FY25, operational revenue rose by 12 per cent on account of higher volume, primarily in the CNG segment. The volume went up 13 per cent in Q4 FY25 and 15 per cent year-on-year in FY25. The company earned a consolidated PAT of Rs 155 crore in Q4. In the January-March period, the company added 42 new CNG stations to reach 647, while expanding PNG home connections to 9.63 lakh, adding 40,991 new households. It expanded its footprint to 3,401 installed electric vehicle (EV) charging points across 26 states/UTs. "During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations)," ATGL ED and CEO, Suresh P. Manglani, said. ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15 per cent year-on-year increase in volume, accelerating operations excellence supported by digitalisation, which has contributed to maintaining EBITDA of Rs 1,167 crore, despite challenges faced by the CGD sector on domestic gas allocation, Manglani added. Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed, out of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at the Barsana plant, "we have launched the brand 'Harit Amrit' for the sale of an organic fertiliser. We have commissioned our first LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with a customer-centric approach and continue to have sustainable growth," Manglani noted. The average supply of APM-based natural gas for CNG (T) segment during the quarter was at 49 per cent, and the combined volume allocation for APM and New Well Gas (NWG)/Intervention Gas for CNG was at 56 per cent, informed the company. With effect from April 16, 2025, while APM allocation of natural gas for CNG (T) has been reduced from 51 per cent to 37 per cent, it has been replaced with New Well Gas (NWG)/Intervention Gas and the combined volume allocation of APM and NWG for CNG at 65 per cent.
Time of India
28-04-2025
- Business
- Time of India
Adani Total Gas clocks 15% operational revenue growth in Q4, volume up 13%
Ahmedabad: revenue from operations increasing by 15 per cent at ₹1,448 crore in Q4 FY25. For the entire FY25, operational revenue rose by 12 per cent on account of higher volume, primarily on CNG segment . The volume went up 13 per cent in Q4 FY25 and 15 per cent year-on-year in FY25. The company earned a consolidated PAT of ₹155 crore in Q4. In the January-March period, the company added 42 new CNG stations to reach 647, while expanding PNG home connections to 9.63 lakh, adding 40,991 new households. It expanded its footprint to 3,401 installed electric vehicle (EV) charging points across 26 states/UTs. "During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations)," ATGL ED and CEO, Suresh P. Manglani, said. ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15 per cent year-on-year increase in volume, accelerating operations excellence supported by digitalisation, which has contributed to maintaining EBITDA of ₹1,167 crore, despite challenges faced by the CGD sector on domestic gas allocation, Manglani added. Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed, out of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at the Barsana plant, "we have launched the brand 'Harit Amrit' for the sale of an organic fertiliser. We have commissioned our first LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with a customer-centric approach and continue to have sustainable growth ," Manglani noted. The average supply of APM-based natural gas for CNG (T) segment during the quarter was at 49 per cent, and the combined volume allocation for APM and New Well Gas (NWG)/Intervention Gas for CNG was at 56 per cent, informed the company. With effect from April 16, 2025, while APM allocation of natural gas for CNG (T) has been reduced from 51 per cent to 37 per cent, it has been replaced with New Well Gas (NWG)/Intervention Gas and the combined volume allocation of APM and NWG for CNG at 65 per cent.
Hans India
28-04-2025
- Business
- Hans India
Adani Total Gas clocks 15 pc operational revenue growth in Q4, volume up 13 pc
India's leading energy transition company Adani Total Gas Limited (ATGL) on Monday reported strong results, with revenue from operations increasing by 15 per cent at Rs 1,448 crore in Q4 FY25. For the entire FY25, operational revenue rose by 12 per cent on account of higher volume, primarily on CNG segment. The volume went up 13 per cent in Q4 FY25 and 15 per cent year-on-year in FY25. The company earned a consolidated PAT of Rs 155 crore in Q4. In the January-March period, the company added 42 new CNG stations to reach 647, while expanding PNG home connections to 9.63 lakh, adding 40,991 new households. It expanded its footprint to 3,401 installed electric vehicle (EV) charging points across 26 states/UTs. "During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations)," ATGL ED and CEO, Suresh P. Manglani, said. ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15 per cent year-on-year increase in volume, accelerating operations excellence supported by digitalisation, which has contributed to maintaining EBITDA of Rs 1,167 crore, despite challenges faced by the CGD sector on domestic gas allocation, Manglani added. Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed, out of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at the Barsana plant, "we have launched the brand 'Harit Amrit' for the sale of an organic fertiliser. We have commissioned our first LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with a customer-centric approach and continue to have sustainable growth,' Manglani noted. The average supply of APM-based natural gas for CNG (T) segment during the quarter was at 49 per cent, and the combined volume allocation for APM and New Well Gas (NWG)/Intervention Gas for CNG was at 56 per cent, informed the company. With effect from April 16, 2025, while APM allocation of natural gas for CNG (T) has been reduced from 51 per cent to 37 per cent, it has been replaced with New Well Gas (NWG)/Intervention Gas and the combined volume allocation of APM and NWG for CNG at 65 per cent.
