India's Adani Total Gas said on Friday it has secured maiden financing worth $375 million, which it would use to expand its city gas distribution network. The firm, which is a joint venture between ports-to-power Adani Group and TotalEnergies SA,

The expansion would deepen the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, creating an ecosystem for a gas-based economy, the company said.

Adani Total Gas Ltd, a joint venture between Adani group and TotalEnergies, has secured USD 375 million in funding from global lenders to expand its city gas distribution network across 34 geographical areas in India.

Global lenders have provided financing to India’s leading City Gas Distribution (CGD) company, Adani Total Gas Ltd (ATGL). ATGL has entered

India's Adani Total Gas said on Friday it has secured maiden financing worth $375 million, which it would use to expand its city gas distribution network.

The development also assumes significance in view of the Indian government’s target of increasing the share of natural gas in the energy basket from 6% to 15% by 2030.

Adani Total Gas Ltd. has obtained USD 375 million from international lenders in its first global financing deal. This funding will help expand its City Gas Distribution network, catering to 14% of India's population and promoting wider use of eco-friendly fuels like Piped and Compressed Natural Gas.

Adani Total Gas said on Friday it has secured maiden financing worth $375 million, which it would use to expand its city gas distribution network. The firm, which is a joint venture between ports-to-power Adani Group and TotalEnergies SA.

Adani Total Gas Ltd, a joint venture between Adani Group and TotalEnergies, has secured its first-ever financing of $375 million. The funds will be used to expand the company's city gas distribution network across India.