Adani Total Gas Secures Largest Global Financing in City Gas Distribution Business

Adani Total Gas Ltd (ATGL) has secured financing from global lenders, including BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. The financing, amounting to USD 375 million with an accordion feature, will accelerate ATGL's CGD Network Infrastructure Development program. The expansion will cater to over 200 million people, covering 14% of India's population, and will deepen the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure. This will support the Government's vision of increasing the share of natural gas in the energy basket from 6% to 15% by 2030.