Adani Total Gas

Adani Total Gas has stated that recent battery storage news is unrelated to their company operations.

Adani Total Gas Limited reported robust operational performance for the quarter and half-year ended September 30, 2025. The company achieved 16% overall volume growth year-on-year, with CNG volumes rising 18% in the quarter and 19% in the first half, while PNG volumes grew 11% and 9% respectively. Revenue from operations increased 19% to INR 1,569 crores in the quarter and 20% to INR 3,060 crores in the first half. EBITDA reached INR 302 crores for the quarter and INR 603 crores for the first half. The company expanded its network by adding 12 new CNG stations, bringing the total to 662 stations, and added 27,000 new home PNG connections during the quarter, surpassing 1 million consumers. Steel pipeline infrastructure increased to 14,524 kilometers across 34 geographical areas. Three major credit rating agencies - ICRA, CARE, and CRISIL - upgraded the company to AA stable rating. The e-mobility business expanded to 4,209 installed charging points across 26 states and 226 cities. Combined APM and new well gas allocation moderated to 57% in the quarter from 60% in the previous quarter. A supply chain realignment resulted in 2% CST levy instead of the earlier 15% VAT for gas supplied outside Gujarat, effective from October 1, 2025.

Adani Total Gas Limited reported combined CNG and PNG volume of 280 MMSCM for Q2FY26, marking a 16% year-on-year increase. The company expanded its CNG network to 662 stations by adding 12 new stations and crossed the milestone of 1 million PNG household connections, reaching 1.02 million homes. Revenue from operations increased 19% to INR 1,569 crores, while EBITDA stood at INR 302 crores for the quarter. For H1FY26, revenue grew 20% to INR 3,060 crores with EBITDA at INR 603 crores. The company's credit rating was upgraded to AA+ (Stable) by three rating agencies - ICRA, CRISIL, and CARE. Gas costs increased 29% due to lower APM allocation to the CNG segment being replaced by higher-priced gas. The company completed approximately 14,524 inch-km of steel pipeline network and added 147 new industrial and commercial connections. ATGL won three PNGRB Awards for safety, sustainability, and customer service excellence.