Adani Gas Ltd will invest up to Rs 9,000 cr in setting up city gas distribution network over the next 10 years to retail CNG to automobiles and piped cooking gas to households in those areas where it won licences in the recent bidding round. Adani Gas Ltd (AGL) on its own and in a joint venture with state-owned Indian Oil Corp (IOC) has won city gas licence for 38 geographical areas spread over 71 districts in 15 states in recent bid rounds. As part of the government vision to raise the share of natural gas in the energy mix to 15 per cent by 2030 from current 6.2 per cent, the oil regulator PNGRB has in last couple of years conducted two licensing rounds that have expanded the coverage of city gas network to over 400 districts. Adani Gas’ move towards expanding its distribution network will offer signage companies a new business opportunity for branding and signage projects.
