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	5	+= Summary =
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	7	+* Adani Group is one of the fastest growing industrial conglomerates in India.
	8	+* Adani Total Gas has distribution Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.
	9	+* The name of the Company has been changed from Adani Gas Limited to “Adani Total Gas Limited” on 1 January, 2021.
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5	5	= Company Overview =
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7	7	Adani Total Gas (NSE:ATGL) is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency.{{footnote}}https://www.adanigas.com/about-us{{/footnote}}
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11	11	The Company has city gas distribution networks in Ahmedabad & Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. AGL has started Commercial Operations in 8 GAs allotted under the 9th Round of CGD Bidding by PNGRB namely Navsari, Porbandar, Barwala, Kheda, Surendranagar in Gujarat, Udaipur in Rajasthan, Palwal and Mahendragarh in Haryana. Further, the Company has also started Commercial Operations in 1 out of 2 GA allotted under 10th Round of GCD Bidding by PNGRB i.e Bhind, Madhya Pradesh. As on March 31, 2020, the Company has 115 CNG filling stations providing gas to over a million vehicles. The Company also supplies PNG to over 0.44 million PNG customers, through a connected pipeline network that spans over 7,600 kms, including 470 km of steel and 7,130 km of polyethylene pipeline.
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	21	+[[image:ATGL5.png]]
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14	14	== Indian Oil-Adani Gas Private Limited (IOAGPL) ==
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16	16	A 50:50 joint venture between Adani Gas Limited and Indian Oil Corporation Limited was entered in 2013-14 to capitalise on growing opportunities in natural gas demand, leveraging each other’s infrastructure and domain expertise. Indian Oil Corporation Limited’s operational track record, existing infrastructure terminal for LNG imports and expansive retail outlets is complimented by CGD experience of Adani Gas Limited.{{footnote}}https://www.bseindia.com/bseplus/AnnualReport/542066/5420660320.pdf{{/footnote}}
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155	155	Investment plan of $60 billion – The government of India has set an ambitious target to increase the share of environment-friendly fuel to 11% from 6% in the country’s energy basket. To do this, an estimated investment of $60 billion is underway, to build a gas pipeline and terminal infrastructure that is nearing completion or remains in advanced stages of completion. The investment is going to be used for building LNG import terminals, laying pipelines and expanding city gas distribution networks to facilitate the usage of non-polluting fuels. This move will have a dual advantage of utilizing a cleaner as well as a cheaper fuel (when compared with liquid fuels like diesel and furnace oil), and could help steer India towards a ‘low carbon future’.
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	168	+[[image:ATGL3.png]]
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157	157	= Financial Highlights =
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159		-The growth in revenue from operations and profitability was supported by growth in overall sales volume which grew by 8% YoY to 582.21 MMSCM in FY 2019-20. The sales volume of CNG grew by 5% to 291.60 MMSCM while PNG sales volume grew by 10% to 290.61 MMSCM in FY 2019-20. During the year under review, the Company was also able to expand it footprints to connect 56,167 new domestic households to PNG leading to increase in customers base to 0.44 million households. It also added 756 new industrial and commercial customers thereby increasing its total customer base to 4,458 industrial and commercial units. The Company also increased its CNG station from 82 in FY 2018-19 to 115 in FY 2019-20.
	173	+The annual sales volume were at 515.13 MMSCM as compared to 582.21 MMSCM. The degrowth was on account of Covid-19 and was majorly in the first half of the year. In the second half of the year the company saw a V-shaped recovery in volume and touched a peak volume of over 2 MMSCMD. {{footnote}}https://www.bseindia.com/bseplus/AnnualReport/542066/68596542066.pdf{{/footnote}}
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	175	+For the year ended 31st March, 2021, revenue stood at 1,784.47 Crore as compared to 1990.90 Crore in 2019-20. Despite the volume impact, with the efficient gas sourcing and cost optimisation, the company was able to grow its profitability. EBITDA grew by 17.14% from Rs 639.15 Crore to Rs 748.68 Crore while PAT grew by 8% from Rs 436.24 Crore in 2019-20 to Rs 471.95 Crore 2020-21.
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	178	+== Operations Update ==
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	180	+* Total number of CNG stations reached at 217, the addition of 102 new CNG stations in 2020-21
	181	+* Cumulative steel pipeline network was 705 Km, with 170 kms laid in 2020-21
	182	+* Number of domestic customers were 0.48 Million, 40939 customers added in 2020-21
	183	+* Number of Industrial and Commercial Customers at 4966, with added 500 customers in 2020-21
	184	+* Commissioned 3 CGS in new Gas
	185	+* In 2020-21 the company has achieved Sales Volume of 515.13 MMSCM which is @ 88% of 2019-20 Volume mainly due to nationwide Coivd-19 pandemic impact.
	186	+* The company has achieved the PNG Sales Volume 287.95 MMSCM which @ 99% of 2019-20 Sales Volume of 290.61 MMSCM.
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	189	+IOAGPL was formed to implement City Gas Distribution projects across the country for the distribution of environment friendly fuel (natural gas) through a network of underground pipelines. IOAGPL has authorisations for 19 GAs across India.
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	191	+The revenue from operation grew by 15% YoY to Rs 354.28 Crore in 2020-21 from Rs 309.30 Crore in 2019-20. EBITDA grew 19% YoY from Rs 62.00 Crore to Rs 74.48 Crore in 2019-20 to Rs 74 Crore in 2020-21. Sales volume grew 19% from 93.61 MMSCM in 2019-20 to 111.38 MMSCM in 2020-21
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	193	+Your Directors have recommended a dividend of 25% (Rs 0.25/- per Equity Share of Rs 1 each) on the Equity Shares out of the profits of the Company for the financial year 2020-21. The said dividend, if approved by the shareholders, would involve a cash outflow of Rs 27.50 Crores.
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161	161	= Recent developments =
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163	163	**Adani Gas to change name to Adani Total Gas **{{footnote}}https://economictimes.indiatimes.com/industry/energy/oil-gas/adani-gas-to-change-name-to-adani-total-gas/articleshow/79425964.cms{{/footnote}}