Adani Total Gas (ATGL), a joint venture between Adani Group and TotalEnergies of France, plans to invest Rs 12,000 crore on expanding the city gas distribution (CGD) network in 14 new geographical areas, won under the 11th round of bidding for CGD.
The investment that is planned over the next eight years will help the company cater to over 9 million households with piped natural gas, and transport segment with compressed natural gas. To meet the requirement the company aims to set up around 2,000 new CNG stations.
