The work order includes designing, building, financing and operating a 500 TPD capacity of bio-CNG plant. The order will be executed on a public-private partnership (PPP) model at Pirana or Gyaspur in Ahmedabad for a concession period of 20 years. Adani Total Gas is one of Indias leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.The natural gas distribution company reported 7.1% increase in net profit to Rs 147.69 core in Q1 FY24 from Rs 137.84 crore recorded in Q1 FY23. Revenue from operations increased marginally to Rs 1,055.58 crore in Q1 FY24 as against Rs 1,042.35 crore posted in Q1 FY23.
Adani Total Gas has received work order dated 05 September 2023 from Ahmedabad Municipal Corporation for designs, build, finance and operate a 500 tonne per day capacity Bio-CNG plant on PPP model at Pirana Gyaspur, Ahmedabad for a concession period of 20 years.