Two leading Indian companies, Adani Total Gas Limited and INOX India Limited, have recently signed a mutual agreement to strengthen the country's LNG ecosystem. This is seen as an excellent move by the organisations to transform the gas distribution system completely. With the LNG ecosystem becoming stronger, people will become more dependent on LNG than on other fuel sources. This is indeed going to have multiple ecological benefits. The transportation cost will reduce to a certain extent. The accusations related to the Adani case will also cease to exist.
The Agreement Between Adani Total Gas Limited and INOX India Limited:
Adani Total Gas is one of the leading gas distribution companies in India. It operates under the Adani Group and has been dedicated to working towards building an enhanced gas distribution system in the country. INOX India Limited, on the other hand, is a global leader in cryogenic liquid storage and distribution. These two companies have come to a mutual agreement to strengthen the liquefied natural gas system. Under the agreement, INOX and ATGL will become each other's preferred partners. The companies will collaborate on delivering compressed natural gas and liquefied natural gas equipment and services. The agreement was also one of the most crucial agreements signed by the Adani Group after the Supreme Court dismissed the Adani case.
The Need for The Agreement:
Suresh P Manglani, the Executive Director and CEO of Adani Total Gas Limited, has recently said that the level of greenhouse gas in the atmosphere is rising rapidly, leading to increased air pollution and environmental degradation. Looking at how industrial development is taking place, the level of air pollution will increase. Also, there has been a huge increase in heavy vehicles for transporting goods. Because of this, the environmental challenges will become more formidable in the upcoming months.
The partnership with INOXCVA will help Adani Group make a fixed transition of buses and long-haul heavy vehicles currently running on diesel or HSD to LNG. This is going to help in the reduction of over 30% of CO2 and GHG emissions. This is going to have an extraordinary impact on the environment. Adani Total Gas Limited is also planning to fast-track the setting up of LNG stations across the country. This will encourage more fleet operators to use LNG as their transportation fuel. The company also aims to spread awareness on the use of LNG for carrying out different types of industrial operations and as a transportation fuel.
Siddharth Jain's Statement:
Siddharth Jain, the Promoter and Non-Executive Director of INOXCVA, has mentioned that our country's economy is preparing to go on an overdrive. This has made it crucial to ensure that the entire transition occurs sustainably. He has also mentioned that he is hopeful about the collaboration with ATGL. This collaboration would strengthen the LNG ecosystem of the country. It will also ensure that LNG becomes more popular as a transport fuel.
The combined synergies of the two business groups, backed by expertise and scale, will benefit the stakeholders in the economy and help reduce emissions. This is going to bring about a significant transition towards a green nation. The business venture will also turn out to be profitable for both the companies out there. It will take the companies one step closer towards achieving their goal of making India a sustainable nation.
The Walk Towards Sustainability:
The Indian government has long encouraged people to switch to LNG from exhaustive fuels like coal. This is mainly aimed at reducing the amount of emissions and making a transition towards a cleaner nation. The collaborative efforts of ATGL and INOX will indeed support this goal. The collaboration would open up new opportunities in the LNG sector. More companies would be looking forward to starting projects in the LNG ecosystem. This would lead to an increased use of LNG for various industrial as well as residential purposes. Our dependence on exhaustive fuel sources will also reduce drastically.
Conclusion:
India has long been focused on multiple sustainable initiatives that will benefit our nation. With the steps undertaken by the Adani Group in the LNG sector, we will get closer to achieving our sustainability goals. Our planet will become a cleaner and greener place to live. Various industrial operations can also take place smoothly without impacting the environment in any possible way. The rumours of the Adani case will also come to an end.
