Adani Group’s city-gas distribution (CGD) arm Adani Gas (AGL) intends to operationalise all the 38 geographical areas (GAs) by the end of FY21. Currently, work is going on for laying down steel pipeline (for the network) in all the GAs.
The company has simultaneously completed identification of CNG stations in these GAs. Currently, the company has a footprint with its PSU partner the Indian Oil Corporation (IOC) in 38 GAs spread across 71 districts in different parts of the country.
The company aims to penetrate faster in the GAs where there is faster and higher volume demand. So far in 2020, with four GA licenses under the ninth round, AGL has invested close to Rs 1,300 crore, while going forward for the other new GAs, the company plans to have a capital expenditure of a little over Rs 5,000 crore in a five-year horizon.