Adani Total Gas Ltd has forayed into electric mobility by launching its first electric vehicle charging station (EVCS) in Ahmedabad.
The EVCS, located at ATGL’s CNG station at Maninagar in Ahmedabad, will enable quick turnaround time for EV owners with best-in-class fast charging technology and convenient to use digital platform, a company statement said.
The company aims to expand its network by setting up 1,500 EVCS across the country and has kept an expansion plan ready to move beyond 1,500 EVCS, basis the demand generation and momentum building of EV ecosystem in the country.
“The commencement of EV business with setting up the first charging station in Ahmedabad is yet another milestone for Adani Total Gas to provide choice of newer green fuel to the larger consumer base in India while timely ceasing an emerging business opportunity aligned to our vision to offer sustainable fuelling solutions on across all major cities and towns in India.” said Suresh P. Manglani, CEO of Adani Total Gas.
Leveraging real estate
ATGL has a strong footprint across the country as a retailer of CNG. It is uniquely positioned to play an active role in the Electric Mobility business by virtue of owning the retail space, huge experience of serving the domain customers and a wide customer base across India. The company has the strategic fit to venture into electric mobility and capture a significant share of the rapidly growing EV market.
ATGL also draws its strength from the Adani Group’s inherent capacity to generate renewable power and can further leverage group level synergies for sourcing green power. The global experience of TotalEnergies SE in the EV infrastructure space is another factor that adds competitive edge to ATGL’s vision as it eyes market leadership in the space.
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Adani Group’s natural gas business
Adani Total Gas Ltd (ATGL) is a leading player in the city gas distribution (CGD) sector, supplying piped natural gas (PNG) and compressed natural gas (CNG) to consumers spread across 38 geographical areas housing around 8 per cent of the country’s population. Of the38 GAs, 19 are managed by ATGL and the rest are managed by Indian Oil-Adani Gas Pvt Ltd, which is a 50-50 joint venture between Adani Total Gas Ltd and Indian Oil Corporation Ltd.
Featured photograph shows Pranav Adani, MD – Agro and Oil & Gas, Adani Group inaugurating ATGL’s first electric vehicle charging station in Ahmedabad.
