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Adani Gas to become Adani Total Gas

Thursday, 26 Nov 2020
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Adani Gas, the city gas distribution company, will change its name to Adani Total Gas to reflect French energy giant TOTAL's stake in the firm. 
The company through a postal ballot sought shareholders' nod to change the name as well as alter its memorandum and articles of association. 
After the French company buying stake, Adani Gas is now a joint venture company of Adani Group and TOTAL Group, France, with 37.40 percent stake by each promoter and the remaining 25.20 percent with public shareholders. 
In order to reflect the names of both promoter groups, it was proposed to change the name of the company to Adani Total Gas. 
The Board of the firm, which retails CNG to automobiles and piped natural gas to household kitchens and industries, had on 3 November 2020 approved the name change. 
The present business objective of Adani Gas includes carrying out the business of natural gas, liquefied natural gas, compressed natural gas (CNG) and other forms or natural gas, associated gaseous substance, among others. 
The company proposes to carry on the business of biogas, biofuel, bio mass, liquid to compressed natural gas (LCNG), hydrogen compressed natural gas (HCNG), hydrogen, electric vehicle (EV), manufacturing of various equipment and provision of value-added services relating to city gas distribution (CGD) business, among others. 
For this, the Memorandum of Association of the company is being sought to be altered. 
The company has set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. 
Moreover, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to a consortium of Adani Gas and the Indian Oil Corporation.
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