Chennai on Tuesday it became the last city to have an urban gas distribution network after Torrent Gas launched 25 CNG stations in the city.
Torrent Gas has been authorized by the Oil and Natural Gas Regulatory Council (PNGRB) to establish and operate the CGD network. The company has been licensed to provide compressed natural gas (CNG) to automobiles and piped natural gas (PNG) for home cooking and as fuel for industries in 33 districts in seven states and one TU.
'Chennai it was the only metro in the country where up to now there were no CNG and PNG, "the company said in a statement. '' A simultaneous mega launch of 25 CNG stations in Chennai and Tiruvallur is a significant moment in the development of CGD infrastructure in Tamil Nadu โ. Until now, there were only 12 CNG stations in the entire state of Tamil Nadu.
The availability of CNG will bring great relief to owners of private vehicles, car operators, taxis and commercial vehicles, who are reeling from the ever-increasing prices of gasoline and diesel.
Welcoming Torrent Gas to Tamil Nadu, Chief Minister MK Stalin said: 'Access to CNG, which is a cheaper and cleaner alternative to gasoline and diesel, has been a need felt by the people of Tamil Nadu. . The widespread availability of CNG and the significant savings will encourage consumers to adopt it, which will have a positive impact on the environment. " The domestic, commercial and industrial use of natural gas will stimulate further industrial development in the state, he said.
Speaking on the occasion, Torrent Gas Director Jinal Mehta said: 'Torrent Gas has significantly strengthened its position in the CGD sector with the launch of operations in Chennai, the only metropolitan city in the country authorized to a private entity '. Mehta added that with the incorporation of 25 CNG stations in Chennai and Tiruvallur, Torrent now has an extensive network of 214 CNG stations operating throughout the country.
Torrent said it is selling CNG at a price of Rs 51.35 per kg in Chennai, which provides a savings of 66 percent compared to gasoline and 61 percent compared to diesel.
CNG is now available at 25 CNG stations in Chennai and Tiruvallur, he said, adding that the goal is to double this number by September and bring it to 100 by June 2022.
"We plan to further increase the number of operational CNG stations to 350 by March 31, 2022 and 500 by March 31, 2023," he said.
Torrent Gas will invest Rs 5,000 crore in Tamil Nadu over the next five years for the creation of CGD infrastructure, including the installation of steel and PE pipes, to provide piped natural gas to domestic, industrial and commercial customers and the installation of stations. from GNC.
Domestically, Torrent Gas has already invested around Rs 1.9 billion and plans to invest around Rs 10 billion over the next five years across the country, according to the statement.
Torrent Gas is part of the USD3 billion Torrent Group, which has a strong presence in the pharmaceutical, electrical and urban gas distribution (CGD) sectors.
Torrent Pharma, the Group's flagship company, is a dominant player in the cardiovascular and CNS segments with a global presence in 70 countries.
(PTI)
