Latest news with #PipedNaturalGas
NDTV
16 hours ago
- Business
- NDTV
Adani Total Gas Clocks 21% Rise In Operational Revenue In Q1
Ahmedabad: Adani Total Gas Ltd (ATGL) on Monday reported revenue from operations at Rs 1,491 crore in the April-June quarter (Q1 FY26) -- up by 21 per cent -- as India's leading energy transition company achieved a robust year-on-year volume growth of 16 per cent, driven by a 21 per cent increase in CNG volumes. Its CNG stations network reached 650 stations across 34 Geographical Areas (GA) in the quarter, and over 9.9 lakh homes are now connected with Piped Natural Gas (PNG), the company said in a statement. With the addition of new PNG connections, PNG volume has increased by 6 per cent (on-year. The company increased Industrial and Commercial connections to 9,456, with 157 new customers added in the quarter ended June 30. "During the quarter, we achieved a robust year-on-year volume growth of 16 per cent, driven by a 21 per cent 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," said Suresh P Manglani, ED and CEO of Adani Total Gas. 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 per cent, and the balance supplies were being offset with the allocation of higher-priced new wells and HPHT (High Pressure High Temperature) gas. "As a result of our continued efforts to build a robust gas sourcing portfolio, enhanced operational efficiency and digitalisation of processes, we have ensured 100 per cent reliability of supply and continuation of prudent pricing to our consumers both for PNG and CNG. Happy to note that Team ATGL has delivered sustained stable EBITDA even as gas prices rose sharply year-on-year," Manglani said. Besides higher volume, the gas cost increased by 31 per cent, largely due to the lower allocation of APM to the CNG segment being replaced by high-priced new well gas and HPHT gas. To ensure volume growth, the company took a calibrated approach in passing on the higher price to consumers. "We remain fully committed to supporting India's energy transition by providing low-carbon solutions across industrial, household, and transportation sectors," said Manglani.
Hans India
17 hours ago
- Business
- Hans India
Adani Total Gas clocks 21 pc rise in operational revenue in Q1, overall volume up by 16 pc
Adani Total Gas Ltd (ATGL) on Monday reported revenue from operations at Rs 1,491 crore in the April-June quarter (Q1 FY26) -- up by 21 per cent -- as India's leading energy transition company achieved a robust year-on-year volume growth of 16 per cent, driven by a 21 per cent increase in CNG volumes. Its CNG stations network reached 650 stations across 34 Geographical Areas (GA) in the quarter, and over 9.9 lakh homes are now connected with Piped Natural Gas (PNG), the company said in a statement. With the addition of new PNG connections, PNG volume has increased by 6 per cent (on-year. The company increased Industrial and Commercial connections to 9,456, with 157 new customers added in the quarter ended June 30. "During the quarter, we achieved a robust year-on-year volume growth of 16 per cent, driven by a 21 per cent 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," said Suresh P Manglani, ED and CEO of Adani Total Gas. 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 per cent, and the balance supplies were being offset with the allocation of higher-priced new wells and HPHT (High Pressure High Temperature) gas. 'As a result of our continued efforts to build a robust gas sourcing portfolio, enhanced operational efficiency and digitalisation of processes, we have ensured 100 per cent reliability of supply and continuation of prudent pricing to our consumers both for PNG and CNG. Happy to note that Team ATGL has delivered sustained stable EBITDA even as gas prices rose sharply year-on-year," Manglani said. Besides higher volume, the gas cost increased by 31 per cent, largely due to the lower allocation of APM to the CNG segment being replaced by high-priced new well gas and HPHT gas. To ensure volume growth, the company took a calibrated approach in passing on the higher price to consumers. "We remain fully committed to supporting India's energy transition by providing low-carbon solutions across industrial, household, and transportation sectors," said Manglani.
The Print
19-07-2025
- Business
- The Print
Rs 1,950 crore city gas distribution project in Bankura, Purulia to be completed by FY30
The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. Kolkata, Jul 18 (PTI) The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 5.55 lakh households, over 250 commercial units, and more than 35 industrial consumers, officials said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay Khanna, the initiative marks a significant step towards expanding access to clean and affordable energy in India. The project is also expected to create over 15 lakh man-days of direct and indirect employment, supporting local economies in Bankura and Purulia. The CGD network will contribute to India's net-zero ambitions by promoting natural gas as a cleaner alternative to traditional fuels. It is projected to cut greenhouse gas emissions by 27 per cent, or 191,000 metric tonnes over 25 years — equivalent to planting nearly 3.46 lakh trees annually. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
18-07-2025
- Business
- Business Standard
₹1,950 crore CGD project in Bankura, Purulia to be completed by FY30
The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 555,000 households, over 250 commercial units, and more than 35 industrial consumers, officials said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay Khanna, the initiative marks a significant step towards expanding access to clean and affordable energy in India. The project is also expected to create over 15 lakh man-days of direct and indirect employment, supporting local economies in Bankura and Purulia. The CGD network will contribute to India's net-zero ambitions by promoting natural gas as a cleaner alternative to traditional fuels. It is projected to cut greenhouse gas emissions by 27 per cent, or 191,000 metric tonnes over 25 years equivalent to planting nearly 3.46 lakh trees annually. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
18-07-2025
- Business
- Time of India
PM Modi launches ₹5,400 crore development projects in West Bengal
Prime Minister (PM) Narendra Modi on Friday inaugurated and laid the foundation stone for several development projects worth ₹5,400 crore in Durgapur, West Bengal. These projects span sectors like oil & gas, power, road, and rail. 'The projects launched today will enhance connectivity in the region and boost gas-based transport and the gas-based economy and reinforce Durgapur's identity as a Steel City," he said, according to a press statement. Among the key projects, the PM laid the foundation stone for Bharat Petroleum Corp. Ltd (BPCL)'s City Gas Distribution (CGD) project in the Bankura and Purulia districts, valued at approximately ₹1,950 crore. This project aims to provide Piped Natural Gas (PNG) connections to households, commercial establishments, and industrial customers, while also establishing Compressed Natural Gas (CNG) retail outlets, thereby generating employment in the region. Further bolstering energy infrastructure, PM Modi launched the Durgapur to Kolkata section of the Durgapur-Haldia Natural Gas Pipeline, an integral part of the flagship Pradhan Mantri Urja Ganga (PMUG) Project. This crucial 132-kilometer pipeline, worth over ₹1,190 crore, traverses through Purba Bardhman, Hooghly, and Nadia districts. The Prime Minister said, 'the pipeline provided significant direct and indirect employment during its construction phase and will now facilitate the supply of natural gas to lakhs of households across the region.' All-round development In a push for cleaner energy production, PM Modi inaugurated Pollution Control Systems, specifically flue gas desulphurisation (FGD) units, at both the Durgapur Steel Thermal Power Station and Raghunathpur Thermal Power Station of Damodar Valley Corporation. These systems, developed at a cost of over ₹1,457 crore, are expected to drastically reduce emissions, supporting cleaner energy generation and creating employment opportunities within the region. For rail infrastructure, PM Modi announced the doubling of the 36-kilometer Purulia – Kotshila Rail Line in Purulia, an investment exceeding ₹390 crore. This project is vital for improving rail connectivity, linking industrial hubs like Jamshedpur, Bokaro, and Dhanbad with Ranchi and Kolkata. It is expected to facilitate more efficient movement of goods trains, reduce travel time, and significantly improve logistics for industries and businesses in the area. Additionally, he inaugurated two new Road Over Bridges (ROBs) constructed under the Setu Bharatam Programme , totaling over ₹380 crore. Located at Topsi and Pandabeshwar in Paschim Bardhaman, these ROBs are designed to enhance connectivity and prevent accidents at railway level crossings.
