Chennai on Tuesday turned the newest metropolis to have a metropolis gasoline distribution community after Torrent Fuel commissioned 25 CNG stations within the metropolis.
Torrent Fuel has been authorised by the Petroleum and Pure Fuel Regulatory Board (PNGRB) for establishing and working CGD community. The corporate has been authorised to offer compressed pure gasoline (CNG) to vehicles and piped pure gasoline (PNG) for cooking goal in family and as gas to industries in 33 districts throughout seven states and one UT.
‘Chennai was the one metro within the nation the place CNG and PNG weren’t obtainable up to now,’ the corporate stated in an announcement. ‘A mega simultaneous launch of 25 CNG stations in Chennai and Tiruvallur is a major second within the growth of CGD infrastructure in Tamil Nadu.’ There have been solely 12 CNG stations in the complete state of Tamil Nadu till now.
Availability of CNG will deliver nice aid to non-public automobile homeowners, auto, taxi and industrial automobile operators, reeling beneath the ever-increasing costs of petrol and diesel.
Whereas welcoming Torrent Fuel to Tamil Nadu, Chief Minister M Ok Stalin stated: ‘Entry to CNG, which is a less expensive and cleaner different to petrol and diesel, has been a felt want of the individuals of Tamil Nadu. Widespread availability of CNG and important financial savings will encourage customers to undertake it, thereby having a constructive affect on the atmosphere.’ The home, industrial and industrial use of pure gasoline will spur additional industrial growth within the state, he stated.
Talking on the event, Torrent Fuel Director Jinal Mehta stated, ‘Torrent Fuel has considerably strengthened its place within the CGD sector with the launch of operations in Chennai, the one metro metropolis within the nation to be authorised to a non-public entity.’ Mehta added that with the addition of 25 CNG stations in Chennai and Tiruvallur, Torrent now has an intensive community of 214 operational CNG stations throughout the nation.
Torrent stated it’s retailing CNG at a value of Rs 51.35 per kg in Chennai, which offers a 66 per cent saving when in comparison with petrol and 61 per cent in opposition to diesel.
CNG is now obtainable at 25 CNG stations in Chennai and Tiruvallur, it stated including that the goal is to double this quantity by September and take it to 100 by June 2022.
‘We plan to additional enhance the variety of operational CNG stations to 350 by March 31, 2022, and 500 by March 31, 2023,’ he stated.
Torrent Fuel will make investments Rs 5,000 crore in Tamil Nadu over the subsequent 5 years in the direction of the creation of CGD infrastructure, together with laying metal and PE pipelines, to offer piped pure gasoline to home, industrial and industrial clients and establishing CNG stations.
At a nationwide degree, Torrent Fuel has already invested round Rs 1,900 crore and plans to speculate round Rs 10,000 crore over the subsequent 5 years throughout the nation, the assertion stated.
Torrent Fuel is a part of the USD 3-billion Torrent Group, which has a powerful presence in prescribed drugs, energy and metropolis gasoline distribution (CGD) sectors.
Torrent Pharma, the flagship firm of the Group, is a dominant participant within the cardiovascular and CNS segments with international presence unfold throughout 70 international locations.