Adani Total Gas Secures Funding for India's Energy Expansion

Adani Total Gas Ltd. (ATGL), a key player in India's energy sector, has secured a substantial USD 375 million in financing from a consortium of global lenders. This strategic move is aimed at bolstering the company's City Gas Distribution (CGD) network expansion across India.

• The financing is considered ATGL's first international financing deal, signifying the growing global interest in India's energy sector.
• Five major international financial institutions, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation, are participating in the funding.

Boosting India's Natural Gas Infrastructure

This funding is set to play a pivotal role in accelerating ATGL's capital expenditure program, enabling the company to expand its CGD network across 34 authorized geographical areas (GAs) in India. The expansion covers 13 states, reaching a significant portion of India's population.

• ATGL's expansion strategy aligns with the Indian government's ambition to increase the share of natural gas in the nation's energy mix, a crucial step towards a cleaner and more sustainable energy future.
• The company's growth will enable wider access to Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, propelling India's transition to a gas-based economy.

Significant Impact on India's Energy Landscape

ATGL's expansion will have a profound impact on India's energy landscape. With a focus on reaching 14 percent of India's population, covering over 200 million people, the company is poised to make a significant contribution to the country's energy transition.

• The funding will fuel the expansion of ATGL's CGD network, increasing the availability of natural gas across various parts of India, particularly in key urban centers.
• This move will not only enhance energy security but also promote cleaner and more sustainable energy consumption in India.

Adani Total Gas's Commitment to India's Energy Future

Adani Total Gas's commitment to India's energy future is evident in its strategic expansion plans and its alignment with the government's energy policy goals. The company's efforts are expected to contribute significantly to India's energy independence and its transition to a gas-based economy.

• This strategic financing underscores the confidence global lenders have in Adani Total Gas's potential and its role in India's energy sector.
• The company's commitment to sustainable energy development in India makes it a key player in the nation's energy transition.

Global Support for India's Energy Transition

The participation of international financial institutions in this financing deal highlights the growing global support for India's energy transition. This funding is a testament to the confidence that global investors have in India's energy sector, particularly in its move towards cleaner and more sustainable energy solutions.

• This funding reflects the increasing recognition of India's potential as a global energy hub, attracting international investment and fostering collaborations in the energy sector.
• The support from global lenders provides further momentum for India's efforts to achieve its energy goals and reduce its carbon footprint.

Adani Total Gas's Strategic Partnerships for India

Beyond its own operations, Adani Total Gas is also actively involved in strategic partnerships to further its presence in India's energy sector. The company has a joint venture with Indian Oil Corporation Limited (IOCL) under Indian Oil-Adani Gas Private Limited (IOAGPL), further expanding its reach in India's energy market.

• This strategic partnership demonstrates Adani Total Gas's commitment to collaborative efforts to drive India's energy transition.
• Through joint ventures and collaborations, Adani Total Gas is poised to play a leading role in shaping India's energy future.