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Gautam Adani – Chairman, Adani Group
Message from the Chairman

Accelerating Infrastructure,
Leveraging Intelligence

While others debated, your Group built, advancing its journey as the world's most integrated infrastructure platform – across energy, transport, logistics, utilities and industrial manufacturing.

GAUTAM ADANI

Suresh P Manglani – Executive Director & CEO, Adani Total Gas Limited
Message from the Executive Director and CEO

Strengthening Energy Infrastructure for a New Bharat

We are living through a truly VUCA world. It is only through our unwavering focus on accelerated project execution, capital prudency, gainful use of technology, consumer centricity and operational excellence, that we can navigate this complex environment.

SURESH P MANGLANI

Adani Portfolio Of Companies

Driven by Synergies, Significance and Sustainability

01 — 08
Adani Enterprises Limited
Adani Enterprises Limited Adani Ports & SEZ Adani Energy Solutions Adani Green Energy Adani Total Gas Ambuja Cements Adani Power NDTV
INDIA'S LARGEST Business Incubator
FY 2025-26
Revenue
Adjusted EBITDA
PAT
(₹ in crore)

Stable, Predictable
Infrastructure-led Growth

Delivering Best-in-Class Performance, Consistently

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Consolidated revenue
0% 5-Year CAGR
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Consolidated Adjusted EBITDA
0% 5-Year CAGR
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Consolidated PAT
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Growth with Prudence and Responsibility

Free Cash Flow Powered by the Core Infra Platform

Infrastructure platform contribution in FY 2025-26

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of total revenue
0%
of total EBITDA
0%
of the total fund flow from operations

Solid Fundamentals

USD 0 billion
Portfolio-level cash balance
(as on March 31, 2026)
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Gross assets/net debt ratio
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Net debt/EBITDA
(below the guided 3.5x leverage range)
0%
Of the run rate EBITDA of ₹1,08,300 crore rated above 'A-'
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Return on Assets

Industry-Leading
by Design

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Performance

Highlights

Building Momentum Across Our Energy Ecosystem

Performance Highlights FY 2025-26

Performance Highlights
Building Momentum Across Our Energy Ecosystem

Performance Highlights FY 2025-26

0 crore
Revenue
0 crore
EBITDA
0 crore
PAT
14.72%
ROCE
AA+ (Stable)
Credit rating reaffirmed by leading rating agencies
ATGL at a Glance

India's Clean Energy Connector

As one of the country's leading City Gas Distribution (CGD) companies, we enable reliable, affordable and lower-carbon energy solutions across households, industries, mobility and commercial ecosystems.

Accelerating Responsible Growth

Business Segment Review

Piped Natural Gas for Homes
Piped Natural
Gas for Homes
Industrial Piped Natural Gas (PNG)
Industrial Piped
Natural Gas (PNG)
Commercial PNG
Commercial
PNG
Compressed Natural Gas (CNG)
Compressed
Natural Gas (CNG)
Adani TotalEnergies Biomass Limited (ATBL)
Adani TotalEnergies
Biomass Limited (ATBL)
Adani TotalEnergies E-Mobility Limited (ATEL)
Adani TotalEnergies
E-Mobility Limited (ATEL)
Indian Oil-Adani Gas Private Limited (IOAGPL)
Indian Oil-Adani
Gas Private Limited (IOAGPL)
Smart Meter Technological Private Limited (SMTPL)
Smart Meter
Technological Private Limited (SMTPL)
Business Model

Framework for Scalable Energy Access

Financial Capital

SDG goals
Inputs
  • ₹ 4,824 crore net worth
  • ₹ 800 crore in cash and cash equivalents
  • ₹ 903 crore capex for creating additional infrastructure
Outcomes
  • Strong and resilient profitability supporting sustained value creation
  • Strong credit profile and prudent capital structure enables access to the longer tenor, cost-efficient capital, enhancing liquidity headroom with Net Debt / EBITDA at 1.11
  • Enhanced investor confidence reflected in AA+ (stable) credit rating by multiple leading rating agencies
  • Improved ability to fund long horizon infrastructure with reduced cost of capital

Manufactured Capital

SDG goals
Inputs
  • Robust asset infrastructure:
    • 15,572 inch-km of steel pipeline and 8,306 kms of MDPE pipeline
    • 705 CNG station
    • 5,100 EV charging points
  • Presence in 34 geographical areas covering 125 districts
  • Centre of Excellence established to enhance operational excellence
Outcomes
  • Positioned among India's leading city gas distribution companies
  • Established as an integrated mobility partner offering CNG, EV charging, CBG and LNG
  • Scalable and resilient infrastructure platform supporting multi-energy growth
  • Future-ready infrastructure enabling expansion of clean-energy and mobility solutions

Human Capital

SDG goals
Inputs
  • 528 permanent employees
  • 11,557.81 man-hours of training for employees (POSH, IT training)
  • 5,012 man-hours of safety training
  • ₹ 71.75 lakhs spent on training
  • ₹ 12.56 crore of well-being initiatives (staff welfare)
Outcomes
  • High employee productivity with revenue per employee at ₹ 12.08 crore
  • Strong safety culture with Zero fatalities (ideally zero)
  • Improved employee engagement and long-term talent retention

Intellectual Capital

Inputs
  • ₹ 9.84 crore spent on digital initiatives to strengthen operational and customer interfaces
  • MyAdaniGas App enabling superior customer experiences
  • SOUL digital platform driving automation, digitalisation and innovation
  • Strategic collaborations to support technology and capability building
Outcomes
  • Enhanced network visibility and faster decision-making
  • Improved customer convenience and digital engagement
  • Strengthened innovation capability in low-carbon energy solutions

Social & Relationship Capital

SDG goals
Inputs
  • ₹ 17 crore invested in CSR initiatives
  • Actively pursued customer engagement activities to strengthen customer connect
  • Conversion to CNG supporting a core, sticky and sustainable customer base
  • Strong supplier ecosystem, including India Gas Solutions, Indian Oil, GSPC, GAIL and Reliance, ensuring supply reliability
Outcomes
  • Strengthened community trust and stakeholder relationships
  • Reinforced social licence to operate across operating geographies
  • Inclusive growth through local sourcing and employment generation

Natural Capital

SDG goals
Inputs
  • ₹ 14.17 crore Investment in Environment Initiatives
  • 0.97 kW of solar rooftop capacity supporting renewable energy adoption
  • 11.16 lakhs GJ of total energy consumed
  • 1.24 lakh m³ of freshwater withdrawals
Outcomes
  • 47,991 tCO2e GHG emission (Scope-2)
  • 5.22% reduction in emission intensity
  • Measurable progress on the identified Net Zero roadmap
  • Reduced environmental risk through proactive monitoring and mitigation
Strategic Priorities
  1. S1Infrastructure Development
  2. S2Gas Sourcing and Volume Enhancement
  3. S3Cost Leadership through Digital-First Approach
  4. S4Responsible Corporate Citizenship
  5. S5Preparing for Low Carbon Future
Key Enablers
Projects and Operations Management
Gas Sourcing
Human Resource
Robust Financials and Internal Controls
Automation, Innovation and Digitalisation
Customer Delight
Strategic Review

01 / 04

Environment, Social
and Governance

Our Approach to ESG

Our ESG Approach

At Adani Total Gas Limited, our ESG approach fuels our purpose and growth, defining the way we conduct our operations and engagement with stakeholders.
Environment

Environmental

ATGL has embedded environmental stewardship into the core of its growth strategy, in line with India's transition to a low-carbon economy.
Social: Employees

Social: Employees

At the Adani Group, we unlock human potential by blending early career empowerment with a culture of continuous learning.
Social: Customer Delight

Social: Customer Delight

Customer experience and service excellence differentiate us in a regulated utility environment.
Social: Occupational Health and Safety

Social: Occupational Health and Safety

The health and safety of our people, communities and business partners is a priority to us.
Social: Corporate Social Responsibility

Social: Corporate Social Responsibility

We engage deeply with our communities to understand their evolving aspirations and co-create solutions that deliver long-term value.
Social: Responsible Sourcing

Social: Responsible Sourcing

At ATGL, responsible sourcing is integral to ensuring energy security, operational excellence and sustainable value creation.
Governance

Governance

Governance at ATGL is driven by our responsibility to stakeholders and a commitment to building a resilient and enduring entity.
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