+
Adani Total Gas Secures $375 Million Financing
OIL & GAS

Adani Total Gas Secures $375 Million Financing

Adani Total Gas Ltd (ATGL) announced it has secured $375 million in the largest global financing for city gas distribution, aimed at serving over 200 million people—14% of India's population. This initial financing of $315 million, with an accordion feature for increased commitments, involves five international lenders, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.

Strategic Impact:

Transition Fuel: CFO Parag Parikh emphasized the financing's role in enhancing city gas distribution as a transition fuel. Capital Expenditure: The funds will expedite ATGL’s capital expenditure program, facilitating rapid expansion across 34 authorized Geographical Areas (GAs) in 13 states. Infrastructure Development: The expansion aims to strengthen Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, fostering a gas-based economy. Government Vision Support: The usage of PNG and CNG is positioned as a convenient, cost-effective, and eco-friendly fuel option, supporting the government's goal to increase the share of natural gas in the energy mix from 6% to 15% by 2030.

ATGL, authorized in 34 GAs, plays a crucial role in enhancing natural gas usage. Of the total 53 GAs, 19 are managed by Indian Oil-Adani Gas Private Ltd (IOAGPL), a joint venture between ATGL and Indian Oil Corporation Ltd. This financing framework lays the groundwork for future funding aligned with ATGL’s strategic business plans.

Adani Total Gas Ltd (ATGL) announced it has secured $375 million in the largest global financing for city gas distribution, aimed at serving over 200 million people—14% of India's population. This initial financing of $315 million, with an accordion feature for increased commitments, involves five international lenders, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. Strategic Impact: Transition Fuel: CFO Parag Parikh emphasized the financing's role in enhancing city gas distribution as a transition fuel. Capital Expenditure: The funds will expedite ATGL’s capital expenditure program, facilitating rapid expansion across 34 authorized Geographical Areas (GAs) in 13 states. Infrastructure Development: The expansion aims to strengthen Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, fostering a gas-based economy. Government Vision Support: The usage of PNG and CNG is positioned as a convenient, cost-effective, and eco-friendly fuel option, supporting the government's goal to increase the share of natural gas in the energy mix from 6% to 15% by 2030. ATGL, authorized in 34 GAs, plays a crucial role in enhancing natural gas usage. Of the total 53 GAs, 19 are managed by Indian Oil-Adani Gas Private Ltd (IOAGPL), a joint venture between ATGL and Indian Oil Corporation Ltd. This financing framework lays the groundwork for future funding aligned with ATGL’s strategic business plans.

Related Stories

Gold Stories

Next Story
Real Estate

Elevate Homes to Develop Premium Project in Gurugram

Elevate Homes, the integrated residential development platform established by Hines and Conscient Infrastructure, will develop a premium residential project in Sector 63A, Golf Course Extension Road, Gurugram. Spread across 10.5 acres with around two million sq. ft. of saleable area, the project is planned for launch later in 2026.Designed by global architecture firm Benoy, the development will feature globally inspired architecture, nature-led design and curated wellness-focused spaces. The project will offer more than 600 three- and four-bedroom residences, with a focus on liveability, susta..

Next Story
Real Estate

BPTP Skynest Wins Premium High-Rise Development Award

BPTP Limited has been recognised with the ‘Premium High-Rise Development of the Year’ award for its residential project BPTP Skynest at the Times Realty & Infrastructure Conclave 2026, held at Grand Hyatt, Gurugram.Located in Sector 80, Greater Faridabad, BPTP Skynest is designed as a premium high-rise residential development featuring contemporary architecture, thoughtfully planned homes and lifestyle-oriented amenities. The project comprises 504 residential units and incorporates biophilic design elements through 20 dedicated Sky Nests, landscaped green spaces integrated within the t..

Next Story
Real Estate

Dubai Buyers Seek Independent Property Transfer Services

Dubai’s property market is witnessing growing discussions around the role of independent transfer services, as some leading brokerages require buyers to pay conveyancing or sales-progression fees even when the service is managed within the same business group holding the seller’s mandate.The practice has gained attention as brokerage websites promote such services, while LinkedIn and Instagram profiles highlight dedicated sales-progression teams operating within agencies. Industry observers point out that the concern is not about the capability of in-house conveyancers but whether buyers s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code