Ecosystem

GAIL Gas , Confidence Petroleum sign agreement




Thesynergyonline Corporate Bureau

GAIL Gas , Confidence Petroleum sign an agreement for setting up CNG Stations in Bengaluru

- GAIL statement
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Mr Vivek Wathodkar, Chief General Manager and Officer Incharge GAIL Gas Bengaluru on behalf of GAIL Gas , Mr Nitin Khara, CMD ,CPIL. Mr E.S. Ranganathan, Director (Marketing) GAIL (India), Mr M.V. Ravi Someswarudu, Chief Executive Officer, GAIL Gas at the occasion along with other officials of GAIL, GAIL Gas and CPIL.

GAIL Gas , Confidence Petroleum sign an agreement for setting up CNG Stations in Bengaluru

for setting up CNG
Stations in Bengaluru

NEW DELHI, MARCH 25 :

In a major fillip to the development of clean fuel ecosystem in Bengaluru, GAIL Gas Limited, and Confidence Petroleum India Limited (CPIL) have signed an agreement today in New Delhi for setting up 100 CNG Stations in Bengaluru to strengthen CNG network in Bengaluru.

GAIL Gas , Confidence Petroleum sign an agreement for setting up CNG Stations in Bengaluru

Vivek Wathodkar, Chief General Manager and Officer Incharge GAIL Gas Bengaluru signed the agreement on behalf of GAIL Gas while Mr Nitin Khara, Chairman & Managing Director CPIL inked the agreement on behalf of CPIL. Shri E.S. Ranganathan, Director (Marketing) GAIL (India) Limited, Mr M.V. Ravi Someswarudu, Chief Executive Officer, GAIL Gas Limited were also present at the occasion along with other officials of GAIL, GAIL Gas and CPIL.

As part of the agreement, CPIL will set up & operate 100 CNG Stations & associated facilities of GAIL Gas Limited in Bengaluru. The Dealership Agreement is for setting up 100 CNG stations in next 3 years' time span. The new CNG stations will be located in core areas of city or at CPIL's auto LPG retail outlet sites.

To optimise uptake of CNG and improve accessibility of CNG fuel for Bengalureans, GAIL Gas has been adpting various models of CNG dispensing in the city. GAIL Gas has extended its network through Company Owned Company Operated CNG Station model and CNG Stations at Retail outlets of Oil Marketing Companies. With this agreement, GAIL Gas will increase CNG Stations in the city on Dealership model.

In the current scenario CNG presents an affordable and environment friendly alternative. The present price of CNG in Bengaluru is Rs. 51.50 per kg. Currently GAIL Gas has installed 55 CNG Stations in the city. Addition of another 100 CNG Stations through this Agreement will develop a strong and convenient network of availability of CNG in the Bengaluru urban and rural district and CNG Sale is expected to increase considerably.

 

GAIL Gas , Confidence Petroleum sign an agreement for setting up CNG Stations in Bengaluru GAIL Gas , Confidence Petroleum sign an agreement for setting up CNG Stations in Bengaluru Clean fuel Website Stats