I
21st November, 2018
BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai - 400001 Mumbai - 400051
Scrip Code: 542066 Scrip Code: ADANIGAS
Dear Sir,
Sub: Submission of Media Release
Please find enclosed herewith Media Release on the subject "Adani Gas expands pan-India CGD presence, bags 13 CGD projects".
You are requested to take the same on your record.
Thanking you,
Yours faithfully, Fo~rAda:~mlted
Gu Taunk Co p y Secretary
Encl.: Media Release.
Adan! Gas Ltd Tel +91 '79 2'754 1988 Heritage Building, 8'" floor, Fax +91 '79 2'754 2988 Ashram r~oad, Usmanpura, [email protected] AhmedabacJ·380014 www.adanl.com Gujarat, India CIN: U401 OOGJ2005PLC046553
Registered Office: Adani House, Nr Mithakhaii Circle, Navrangpura, Ahmedabad 380 009, Gujarat, India
Media Release Adani Gas expands pan-India CGD presence, bags 13 CGD projects
EDITOR’S SYNOPSIS
Adani Gas expands CGD networks in 13 geographical areas (GAs) becoming the largest private CGD player in India The company, along with its joint venture with Indian Oil Corporation, is authorized to develop CGD network in 35 GAs In line with the Government’s vision to make natural gas a prominent part of India’s energy strategy, the Honourable Prime Minister to lay foundation of CGD projects in 65 GAs on 22nd November 2018 Set to generate significant employment
New Delhi, November 21, 2018: Adani Gas Ltd. (AGL), the city gas distribution arm of the Adani Group, has bagged authorization from the Petroleum and Natural Gas Regulatory Board, Government of India to expand its city gas footprint in 13 new Geographical Areas (GAs) in the recently concluded 9th round of CGD bidding. In addition, the company has also won 9 GAs in its joint venture company with Indian Oil Corporation, i.e. Indian Oil - Adani Gas Ltd. (IOAGPL).
In a national event being held in the capital on 22nd November, the Hon’ble Prime Minister Shri Narendra Modi will lay the foundation stones of City Gas Distribution (CGD) projects in 65 GAs covering 129 districts recently allocated in the 9th CGD bidding. The ceremony will be broadcasted LIVE from all locations where dignitaries from the respective State Governments and PNGRB will grace the landmark event.
Pranav Adani, Managing Director, Agro, Oil and Gas, Adani Group stated, “Government of India has set itself a target to increase the share of natural gas in India’s primary energy mix to 15% till 2022 from the 6.5% in 2015. Given the pressing need for energy security in the country, natural gas is set to play a critical role in India’s energy strategy. With authorization to develop gas infrastructure and distribute natural gas in 13 new geographic areas in AGL and 9 GAs in IOAGPL, we continue to be at the forefront of the Indian natural gas story. We endeavor to utilize our decade-long experience and CGD expertise to expeditiously develop these new geographical areas to provide gas to consumers in an economic, reliable and safe manner using the state- of-the-art technology and automation tools.”
This will mark as another major achievement by the Hon’ble Prime Minister, who is committed to the reduction of India’s carbon footprint achievable through timely adoption of natural gas. In his speech in Urja Sangam 2015 in New Delhi, he stated that “in the next four years, piped gas connections will increase from 28 lakh to 1 crore to reduce pollution in the cities.” The development of CGD network in 65 Geographical Areas is also expected to generate significant employment opportunities.
Adani Gas is operating currently CGD network in 4 locations i.e. Ahmedabad, Baroda, Faridabad and Khurja. Its joint venture with IOCL is currently running CGD networks at Prayagraj, Chandigarh, Panipat, Udham Singh Nagar, Daman, Dharwad, Ernakulam, South Goa and Bulandshahr. With the Government of India planning to offer additional geographical areas for gas distribution in the Xth round involving 50 GAs comprising of 123 districts coupled with rapid urbanization, AGL is on track to become one of the largest private sector CGD companies of the world.
AGL is committed to achieve approximately 23 lakh domestic piped natural gas connections and install approximately 500 CNG stations in these 13 new GAs.
List of 13 GAs (state-wise) for which Adani Gas Limited has been granted authorization to lay city gas infrastructure and supply natural gas in the IXth round of CGD bidding is as under:
Gujarat
1. Surendranagar District (Except areas already authorized)
2. Kheda (except areas already authorized), Morbi (Except areas already authorized) & Mahisagar Districts
3. Porbandar District
4. Barwala & Ranpur Talukas
5. Navsari (Except areas already authorized), Surat (Except areas already authorized), Tapi (Except areas already authorized) & The Dangs Districts
Haryana
6. Nuh & Palwal Districts
7. Bhiwani, Charkhi Dadri & Mahendragarh Districts
Karnataka
8. Udupi District
Tamil Nadu
9. Cuddalore, Nagapattinam & Tiruvarur Districts
10. Tiruppur District
Rajasthan
11. Bhilwara & Bundi Districts
12. Chittorgarh (Other than Rawatbhata Taluka) & Udaipur Districts
Odisha
13. Balasore, Bhadrak & Mayurbhanj Districts
About Adani Gas
Adani Gas Ltd is developing and operating City Gas Distribution (CGD) networks to supply Piped Natural Gas (PNG) to industrial, commercial and domestic (residential) customers 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. Headquartered in Ahmedabad, India, the company has already set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Prayagraj, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, Udhamsingh Nagar, South Goa and Bluandshahr gas distribution is awarded to the joint venture company of Adani Gas Ltd and Indian Oil Corporation Ltd.
Please visit our website: www.adanigas.com
About Adani
Headquartered in Ahmedabad, India, Adani Group is one of India’s largest integrated infrastructure conglomerates with interests in Resources (coal mining and trading), Logistics (ports, logistics, shipping and rail), Energy (renewable and thermal power generation, transmission and distribution), and Agro (commodities, edible oil, food products, cold storage and grain silos), Real Estate, Public Transport Infrastructure, Consumer Finance and Defence. Adani owes its success and leadership position to its core philosophy of ‘Nation Building’. The Group is committed to protecting the environment and improving communities through its CSR programme based on the principles of sustainability, diversity and shared values. For further information on this release, please contact
For further Details:
Roy Paul Naraayan Kannan
Adani Group Weber Shandwick Tel: 91-79-25556628 Tel: 91-9920426636