Torrent Gas opens five CNG stations in Telangana
Company intends to invest Rs 8,000 crore over the next five years across India
Hyderabad: Torrent Gas has opened five new CNG stations in Telangana, taking the company’s total count in the State to 11. The company has authorisation to lay City Gas Distribution (CGD) network in Sangareddy, Medak and Siddipet districts.
The Union Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan through a video conference from Delhi, recently dedicated 42 CNG Stations (including those in Telangana) and three City Gate Stations across India. With the completion of these 42 CNG stations, the total count has gone up to 100.
The company has authorisation to lay CGD network in 32 districts across seven States including Telangana and one Union Territory.
Inaugurating the stations, Dharmendra Pradhan said, “Making Natural Gas available in upcountry regions, will encourage consumers to adopt this cleaner and cheaper fuel, thereby having a positive impact on the environment and benefiting the citizens at large. Government of India intends to increase the number of CNG stations in the country from approximately 3,000 currently to 10,000 within the next 4 to 5 years.”
Speaking on the occasion, Jinal Mehta, director, Torrent Gas said, “Torrent Gas intends to make a total investment of Rs 8,000 crore over the next 5 years towards the creation of CGD infrastructure in the country, of which Rs 1,050 crores has already been invested. Despite the constraints presented by the Covid-19 pandemic, Torrent Gas has been able to set up 100 CNG stations within a relatively short span of time.”
“We are now working towards our near-term goal of setting up 200 CNG stations by March 2021 and medium-term goal of setting up 500 CNG stations by March 2023, apart from making PNG widely available to industries and residences in our authorised areas,” added Mehta.
