Ahmedabad, 27 January (IANS). Adi Total Gas Limited (ATGL) on Monday presented the third quarter results of FY 25. In the October-December period, the company’s operations from operations increased by 12 percent to Rs 1,397 crore.
ATGL said in a statement that in the current financial year, the company’s 9 -month EBITa was Rs 893 crore, which is 6 percent more on an annual basis.
ATGL’s ED and CEO Suresh P Mangalani said, “ATGL has maintained its growth pace. Also focused on customer-focused approach. In the third trimester, the volume in the third quarter is with a 15 percent increase in the annual basis. Has performed strong operational. “
He further said, “Despite the decrease in APM gas allocation, ATGL has ensured a uninterrupted supply of CNG to a large group of consumers by supplying additional gas in alternative methods.”
The allocation of APM gas for the CNG (T) segment to ATGL was reduced from 63 percent to 51 percent from October 16, 2024 and then reduced from 51 percent to 37 percent from 16 November.
Mangalani further said that the company is increasingly manufacturing PNG and CNG infrastructure in 34 geographical areas (GA). Jalandhar GA of Punjab has been added recently.
In the third quarter, the company added 28 new stations to increase the number of CNG stations to 605 and the number of PNG domestic connections with 28,677 new domestic connections has increased to 9.22 lakhs.
In addition, the number of industrial and commercial connections of the company has increased by 167 to 8,913.
The CNG station network of Indian Oil-Adani Gas Private Limited (IOAGPL) has increased to 999 stations. The CNG network has 41 new stations in this quarter. At the same time, the number of domestic connections of PNG has crossed 10 lakhs to 10.9 lakhs. About 40 lakh people are benefiting from this.
IOAGPL is a joint venture of Indian Oil Corporation (IOC) and Adani Total Gas Limited.
ATGL has constituted two complete-owned subsidiaries-Adani Trickliege E-Dopy Limited (ATEL) and Adani Trickllenner’s Biomass Limited (ATBL) for their e-mobile and biomass business respectively.
-IANS
ABS/ABM
