Adani Total Gas Q2 & H1FY24 Results, Company Continues to deliver Highest ever EBITDA

Adani Total Gas, Q2 & H1FY24 Results, 

Ahmedabad, 31st October 2023: Adani Total Gas Ltd (“ATGL”),India’s leading City Gas Distribution company, announced today its operational and financial performance for the Half Year ended and quarter ended 30th September 2023.

“ATGL has shown continuance of all round strong performance in our core CGD business. The volumes have increased by 9% during the firsthalf year of this financial year resulting in an increase of EBITDA by 17% to INR 545 Crs. The company is continuing its focus on building PNG and CNG infrastructure across all its Geographical Areas to extend easy access of PNG and CNG giving boost to adaptation of natural gas as a fuel of their choice by the large numbers of PNG and CNG consumers.” said Mr. Suresh P Manglani, ED & CEO of Adani Total Gas. “ATGL has also made significant progress on e-mobilityand biomass businesses. In e-mobility business, charging points have now increased to 221 charging points across 64 locations and we soon intend to reach to 3000 charging points. In biomass business, we have won 500 Tons Per Day (TPD) Municipal Solid Waste (MSW) based biogas project in Ahmedabad in this quarter and we continue to explore many such opportunities across India. We are striving to commission phase 1 of our Barsana Compressed Bio Gas (CBG) plant in this financial year. With a consumer centricity approach along with our strategic preparedness to offer a wider range of sustainable energy solutions to all our consumers, I firmly believe in ATGL’s readiness for a promising future”.

Standalone Operational and Financial Highlights:

Results Commentary H1 FY24 (Y-o-Y)