Mumbai, July 30 (UNI) Adani Total Gas Ltd has announced plans to spend around Rs 3,700 crore to set up a network of new CNG stations and expand its existing pipeline network which forms the backbone of its city gas distribution infrastructure.
Adani Total Gas Executive and Chief Executive Officer Suresh P Manglani said during the investor call today that “This year, we are likely to incur a capacity expenditure somewhere in the range of Rs 900 to Rs 1,000 crore. As far as the next two to three years are concerned, we will do a capex of Rs 3,500 to Rs 3,700 crore.”
Most of the capex will be directed towards creation of more CNG stations and gas pipeline networks, Manglani said.
“If you look at the registrations of vehicles run on compressed natural gas (CNG), registrations grew by 12% in FY23, 15% in FY24 and 17% in FY25,” Manglani said, emphasising that the registration of CNG vehicles have continued to grow across India.
He said out of the company’s existing network of 650 CNG stations, 124 are either Company-owned Dealer-operated (CODO) or Dealer-owned Dealer-operated (DODO). The steel pipeline infrastructure which is the backbone of the company’s city gas distribution network has increased to 14,197 inch-kilometers, he said.
Manglani said that the company is expanding its CNG volumes in each of the 53 geographical areas where it currently operates.
The company plans to work with automobile companies and give incentives to consumers to buy CNG vehicles, work with retrofitters, truckers associations as well as bus fleet operators, he said.
