Explorer

Adani Total Gas Signs MoU With Shigan Technologies For Decarbonisation Solutions

Under the MoU, both companies will work together to adopt natural gas for transportation and mining applications via sustainable solutions for fleet operators, ATGL said in a statement

Adani Total Gas Limited (ATGL) signed a Memorandum of Understanding (MoU) with Shigan Quantum Technologies Ltd (Shigan) on Wednesday for collaboration in decarbonisation. The Adani Group’s energy and city gas distribution company entered into an agreement with Shigan that aims at decarbonising the supply chain by developing an ecosystem that will allow transitioning to cleaner fuels like LNG and CNG. Shigan is an alternative fuel system solutions provider for automotive, locomotive, and stationary engine applications. 

Under the MoU, both companies will work together to adopt natural gas for transportation and mining applications via sustainable solutions for fleet operators, ATGL said in a statement. This will also include the fleet deployed by the Adani Group firms in sectors such as cement, ports, and logistics. 

The LNG retrofitment solution will also look into various applications such as stationary engines, locomotives, and marine equipment. In addition to developing CNG/LNG-based retrofitment solutions, the collaboration will also focus on developing e-mobility based solutions for last mile delivery players and use cases for green hydrogen as fuel for ICE (internal combustion engine) vehicles. 

“ATGL and Shigan are confident that the collaboration will have a positive impact on the environment and the broader business community. The MoU will enable both parties to prioritise their sustainability efforts without compromising on operational efficiency,” the firm said. 

Elaborating on the agreement, Suresh P Manglani, executive director and CEO, ATGL, stated, “The signing of the MoU represents a collective vision for a greener, more sustainable future. We look forward to co-developing end-to-end solutions, which will support the transport and mining industries in their decarbonization journey and contribute to the net zero commitments of the country.”

Shishir Agrawal, managing director, Shigan, said, “This MoU marks a significant step forward in our joint commitment to environmental responsibility. By transitioning to cleaner fuels, we aim to not only reduce our carbon footprint but also inspire positive change within industry.”

Also Read : India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec

Top Headlines

No UPI Charges For Users: Centre Explains What PSS Act Amendment Means
No UPI Charges For Users: Centre Explains What PSS Act Amendment Means
Dolly Khanna-Backed Small-Cap: Profit Jumps 540% As Turnaround Gains Pace
Dolly Khanna-Backed Small-Cap: Profit Jumps 540% As Turnaround Gains Pace
EV Stock Below Rs 50: Ola Electric Reports 21% Lower Q1 Loss, Raises Rs 780 Cr
EV Stock Below Rs 50: Ola Electric Reports 21% Lower Q1 Loss, Raises Rs 780 Cr
Will UPI Become Chargeable? 7 Things Consumers And Merchants Need To Know
Will UPI Become Chargeable? 7 Things Consumers And Merchants Need To Know

Videos

Delhi Rain Crisis: Record Downpour Floods Neighbourhoods, Snarls Traffic and Pushes Yamuna Higher
Ranchi Exam Row: TGT 2016 Candidates Allege Merit Anomalies, Show Documents From Court Battle
Ranchi Protest: ABVP Takes To Streets As Student Agitation Continues Against Jharkhand Govt
Ranchi Update: Govt Talks With Student Group, Demands Noted But Protest Continues Over Exam Row
Ranchi Update: CJP Founder Abhijeet Dipke May Visit Ranchi Tomorrow To Support Student Protest

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget