Adani Gas is planning to invest up to Rs 9,000 crore in setting up city gas distribution network over the next 10 years to retail CNG to automobiles and piped cooking gas to households in those areas where it won licences in the recent bidding round. The company on its own and in a joint venture with state-owned Indian Oil Corp (IOC) has won city gas licence for 38 geographical areas spread over 71 districts in 15 states in recent bid rounds.
Entities winning city gas licences have committed to supply piped natural gas to about 5 crore homes and set up 10,000 CNG dispensing stations. At the end of September 2019, the company had six city gas projects operational with 86 CNG stations and 0.41 million residential customers. It supplied 1.55 million standard cubic meters per day of gas through these. The company plans to scale up the CNG outlets to 1,550 by 2027 and connect 6 million households with piped natural gas.
Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.
Company Name | CMP |
---|---|
Gujarat Gas | 541.40 |
Indraprastha Gas | 448.30 |
Mahanagar Gas | 1402.85 |
Adani Total Gas | 923.95 |
Guj. State Petronet | 301.65 |
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