India: Essar Oil Inks Deal with Indraprastha Gas
India’s Essar Oil Limited (EOL) said that it has inked an agreement with Indraprastha Gas Limited (IGL) to put up the latter’s CNG pumping facilities at EOL outlets in the NCR (National Capital Region).
EOL has been aggressively adding multi-fuel options for its customers and has tie-ups with GSPC (Gujarat State Petroleum Corporation), MGL (Mahanagar Gas Limited), GAIL Gas, Sabarmati Gas, Adani Gas and Gujarat Gas Corporation for selling CNG sourced from these companies at its franchisee-owned and franchise-operated outlets. For Auto LPG, EOL has a similar tie-up with and Aegis Logistics. The Company has CNG facilities at 12 of its retail outlets in Gujarat and plans to add another 30 such facilities across its network.
S Thangapandian, CEO-Marketing, EOL, said: “We are India’s only private sector oil retailer and have more than 1,400 operational outlets in our countrywide network. Over the past few years, we have been working with our franchisees to ensure they have additional revenue sources from alternative fuels as well as non-fuel retail products. I am delighted that with this agreement with IGL, which is among the country’s largest CNG retailers, customers driving into our petrol stations in the NCR can now look forward to multi-fuel options.”
LNG World News Staff, March 9, 2012