Hot Pursuit

As part of the project, the company will employ the latest technologies to blend green hydrogen (GH2) with natural gas for over 4,000 residential and commercial customers at Ahmedabad, Gujarat. GH2 is produced using electrolysis of water with electricity generated by renewable energy. Hydrogen blending is less carbon intensive than burning gas but has the same heating capabilities.

The said project is expected to be commissioned by Q1 FY24-25 and the percentage of green hydrogen will be gradually increased in the blend to upto 8% or more, depending on regulatory approvals. After successfully completing the pilot, hydrogen blended fuel will be supplied stepwise to larger parts of the city and other license areas of AGTL.

Suresh P Manglani, executive director & CEO of Adani Total Gas, said, We are fully committed towards building an environmentally sustainable operation and this project represents our ongoing dedication towards national infrastructure building for India to become energy independent by 2047. This project will reduce our carbon footprint and by investing in such innovative projects, we are actively contributing to the evolution of the industry and driving progress in sustainable energy solutions.

Adani Total Gas is one of India's 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 20.42% increase in net profit to Rs 167.79 crore in Q2 FY24 as against Rs 139.34 crore recorded in Q2 FY23. Revenue from operations declined 1.03% to Rs 1,178.08 crore in Q2 FY24 from Rs 1,190.37 crore posted in corresponding quarter last year.

Powered by Capital Market - Live News