Adani Total Gas Ltd (ATGL) secured financing from international lenders, the company said in an official press release on Friday. The initial financing of $375 million includes a primary commitment of $315 million, with an accordion feature for additional funding as needed.Participating in this pivotal financing are five global lenders: BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. This funding will accelerate ATGL's capital expenditure program, allowing the company to expand its CGD network into 34 authorised Geographical Areas (GAs) across 13 states, effectively reaching up to 14% of India's population—over 200 million people, the company said in its press release. "The participation from global lenders reinforces the potential of city gas distribution as a transition fuel," said Parag Parikh, CFO of ATGL. "This financing framework will drive ATGL’s sustained growth and will be a stepping-stone for future financing based on our capital management plan, creating long-term value for all our stakeholders."This expansion will enhance the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, fostering an ecosystem that supports a gas-based economy, the company stated.By increasing the use of PNG and CNG, ATGL aims to replace high-carbon conventional fuel sources, contributing positively to the environment and aligning with the Government’s vision to boost the share of natural gas in India's energy mix from 6% to 15% by 2030, read the company's press release further. ATGL has been a key player in developing the transition energy platform, providing necessary infrastructure and promoting sustainable energy solutions, including E-mobility and LNG for transport. Latham & Watkins LLP and Saraf & Partners served as borrower’s counsel, while Linklaters and Cyril Amarchand Mangaldas represented the lenders in this financing arrangement, Adani gas stated.