Adani’s company will grow business overnight, will invest 20000 crores in 10 years
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The company’s chief financial officer (CFO) Parag Parikh said, “From a long-term perspective, we are optimistic about the prospects of the gas business. The company is looking to invest more in building infrastructure and expanding the network.” He said, “We intend to invest around Rs 18,000-20,000 crore in infrastructure creation over the next eight-ten years for our city gas distribution business. This will broaden our customer base and sustain revenue growth. Will keep.”
ATGL Chief Executive Officer (CEO) Suresh P Mangalani said the company’s strategy is to accelerate the laying of steel pipelines and increase CNG stations in its licensed areas. He said the company is going to set up more than 1,800 CNG stations in the next seven to 10 years.
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