Connect with us

Petroleum Industry

IGL to establish 60 CNG stations and provide 2 Lakh PNG connections in FY2019



IGL to establish 60 CNG stations and provide 2 Lakh PNG connections in FY2019

Indraprastha Gas is one of the largest city gas retailers, plans to add a record of 60 CNG dispensing stations and provide piped cooking gas connections to minimum 2 lakh households this fiscal as it puts more efforts to complete government’s target of the gas based economy. The company currently provides retail CNGs to automobiles and piped cooking gas to the household kitchens in Delhi and its outskirts has approved a dealer-franchise model in order to expand its services.

The firm currently has 42 CNG stations in Delhi, Noida, Greater Noida, Ghaziabad, has initiated to provide the franchise to dealers who own hands. He stated, “We already have two CNG dispensing stations operating on dealer model and have given letters of intent (LoI) for another 21 which will be commissioned within the current financial year.”

Ranganathan stated that the firm started 30 CNG stations in 2017 and in the current financial year running from April 2018 to March 2019, it has a set a target to launch 50 more. “Though the target is 50, we are confident of putting up 60 stations,” he said.

Also Read: Anil Ambani said Telecom soon to be monopoly

IGL presently consists of more than 9.6 lakh piped cooking gas customers and has the plan to add 3 lakh more customers this financial year.

He stated, “We gave 1.5 lakh piped natural gas (PNG) connections in last financial year and this year we are confident of crossing 2 lakh. We can achieve 3 lakh target is areas currently out of bound like Cantonment areas are opened up for us to lay pipelines and give connections in kitchens.”

The government is constantly forcing to use CNG as a transportation fuel in order to reduce the usage of polluting liquids like diesel. It also wants to replace LPG with PNG in kitchens in order to reduce oil import dependence and increase the market share of natural gas from 6.2% to 15% in the country.

India presently imports 81% of the oil it requires. In order to attract more people towards gas-based economy, the government is planning to add 1 crore PNG connections in 2020.

India presently has 45.26 lakh household kitchen utilizing natural gas as cooking fuel. Out of which, Gujarat ranks at the top with 19.07 lakh PNG users, Maharashtra at the second position with 12.73 lakh users and Delhi at third. In Gujarat and Maharashtra, there are multiple companies providing PNG and LPG services. He said, “We are trying new innovations to increase the penetration.”

Also Read: Flipkart invests Rs 3,463 Crore ahead of the festive sale

Earlier, IGL was working on Franchise model. In this model, the firm was giving CNG dispensing stations where outlet along with the land belonged to the company and dealer was assigned to run it. But now, it provides franchises to dealers who only possess the land.

In 2018-19, the government has set an aim of 20 lakh PNG customers from all over the country. For 2019-20, it has set an aim of 40 lakh customers.


Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Petroleum Industry

No relief from higher fuel prices despite rate cut




No relief from higher fuel prices despite rate cut

Despite the centre declaring Rs 2.50 per litre decrease in the prices of fuel, the common man is unable to experience any relief, because of ever-increasing prices of petrol and diesel.

Fuel Prices continued to increase on Tuesday, with petrol being sold at 23 paise more at Rs 82.26 per litre and diesel at Rs 74.11 per litre after the price hike in New Delhi.

While in Mumbai, petrol prices have reached Rs 87.73 per litre and diesel at Rs 77.68 per litre after a hike of 23 paise and 31 paise respectively.

By considering the scenario of ever-increasing fuel prices, Finance Minister Arun Jaitley, in the beginning of the month had declared a cut of Rs 2.50 per litre on both petrol and diesel prices and commanded the state governments to implement the same.

Also Read: Flipkart teams-up with Bajaj Allianz to provide mobile insurance

After this announcement, modification of petrol prices is being implemented in states such as Assam, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Jammu Kashmir, Himachal Pradesh, and Uttar Pradesh. The revision is yet to be implemented in rest all the states across the country.

Prices of Petrol and Diesel are continuously increasing since the last 3 years. There has been a decrease in the prices of fuel only 1-2 times since then. Prices of fuels are burning holes in the pockets of the citizens.

Before a month, petrol prices have reached an all-time high in September. On September 10, 2018, petrol costs Rs 88.12 per litre in Mumbai, which is all time high as compared to petrol prices on September 14, 2018.

Also Read: Zomato leads in food delivery space with 21 million monthly order run rate

Continue Reading

Petroleum Industry

Govt plans to mix Methanol with LPG to cut subsidy bill by 30%




Govt plans to mix Methanol with LPG to cut subsidy bill by 30%

The government is thinking of a plan to sell LPG mixed with methanol, which may help to reduce its cooking gas subsidy by about one-third as compared to the existing prices.

As per the details of some countries, mixing 20% of methanol with LPG can help to bring the cost of cooking gas for household consumption by Rs 100 a cylinder.

The portion of methanol in the mix can be increased as India improves production of methane from coal. Moreover, there will also be financial benefits, looking over the country’s LPG subsidy bill which is estimated to be more than Rs 20,000 crore in the fiscal 2019 budget.

The government has distributed suitable coal mines for the production of methane – methanol in its liquid form. This step was taken just after NITI Aayog arranged roadmap for a methanol economy for the country. This will reduce fuel import bill in both automotive and household sectors.

Also Read: Walmart Foundation to invest Rs 180 crore to improve farmers’ livelihood

The whole project may be handled by the NITI Aayog. The outlines of the project are talked between the members of think tank and union minister Nitin Gadkari, who has been given the task to promote alternative fuels in the country.

Presently, the LPG consumers have to buy the fuel at the market price. The government provides subsidy on 12 cylinders of 14.2-kg per each household a year, transferring the subsidy amount instantly into the bank account of the user.

The subsidy amount differs every month based on the charges in average international benchmark LPG rate and foreign exchange rate. When international rates are high, the government provides more subsidy. The subsidy per cylinder in August was Rs 291.48 per cylinder and it was
Rs 257.74 in July.

India’s LPG consumption reaches to 2 mt a month, increasing constantly in the last 2 years due to the government’s push towards increasing access of LPG under Pradhan Mantri Ujjwala Yojana (PMUY). More than half the country’s demand is met with imports.

Also Read: Haryana government signs deal with Indian Oil Corporation to set up bio-CNG plants

According to the NITI Aayog’s ‘methanol economy’ roadmap, there can be an annual decrease of $100 billion in crude imports by 2030, if the country moves to 15% mixed fuel, both for transportation as well as cooking. The goal is to produce methanol from highly available low-quality coal and different bio resources and also manufacture it artificially.

From this, it is expected that the increasing demand of methanol can be met locally.


Continue Reading

Petroleum Industry

Haryana government signs deal with Indian Oil Corporation to set up bio-CNG plants




Haryana government signs deal with Indian Oil Corporation to set up bio-CNG plants

Haryana Government on Thursday signed a memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) for establishing new bio-CNG plants depending on the paddy straw and various other agri-waste in the state. The first compressed biogas plant (CBP) is most probably going to be built in Kurukshetra.

The contract was being signed on behalf of Chief Minister Manohar Lal Khattar is going to open opportunities for developing about 200 CBPs in the state until 2023, with an overall capacity of 1,000 tonnes per day of compressed biogas, one of the official statement said.

By opening new plants, there will be an annual production of around 4 lakh tonnes of compressed biogas per annum, it said.

Shailendra Shukla who is the Chairman of Haryana Renewable Energy Development Agency (HAREDA) signed the MoU in presence of state government, however, Executive Director Subodh Kumar signed in presence of IOCL.

Also Read: India, Morocco sign contract to expand collaboration in MSME sector

Subodh Kumar also demanded the chief minister to put foundation stone on the first compressed biogas plant in Kurukshetra in November 2018. He also mentioned that by signing the contract, the IOCL would start work on the setting up of this plant.

The main purpose of government is to promote agriculture waste which depends on biomass or waste to compressed biogas or Bio CNG plants in order to solve the issue of crop residue burning and scientific disposal of agriculture waste. This will help to increase farmers’ income by sale of crop residue and also help to generate new rural employment opportunities.

P K Mahapatra, who is the Additional Chief Secretary, New and Renewable Energy stated, the generation of compressed biogas on a commercial scale will have some amazing pros, such as reducing pollution due to crop burning and offering an economic option to the crop residue, providing more sources of revenue to farmers, rural employment and value creation in the rural economy.

He further stated that the compressed biogas is almost identical to the currently available CNG in its composition and energy potential. This means it can be used as a green automotive fuel.

Kumar mentioned that around 100 tonnes per day of argo residue when feed into the biogas plant can produce around 10 TPD compressed biogas and 30 TPD dry manure. The cost to set up this kind of plant is around Rs 35 crore and it needs 6-10 acres of land.

Also Read: Facebook to host First “India Startup Day” in Delhi on October 9

Their main purpose is to promote compressed biogas with around 96% methane content which is absolutely better than CNG (around 86% methane) and would have better combustion qualities.


Continue Reading

Latest News

Market Research1 min ago

Global Ortho Phenyl Phenol (OPP) Market Size and Value Report, 2019-2024 Forecast: Lanxess, Dow, SANKO, Shandong Xingang Chemical, Jinan Yudong Technology

The fresh report namely, Ortho Phenyl Phenol (OPP) Market Size , Status and Forecast 2019-2028 furnishes essential information on every...

Market Research7 mins ago

Carbon Management Software Market Forecast, Market Share, Segmentation Analysis For Software – Counts Only Direct CO2 from Fuel, Software – Count Direct CO2, Software – Count Indirect CO2 Segments

The Carbon Management Software market is growing by leaps and bounds. In spite of the volatile economic conditions because of...

Market Research14 mins ago

Waxy Crude Oil Sales industry report – Size, Value, Market Share – Research and Analysis 2019

The Global Waxy Crude Oil Sales Report comprises thorough insights into the global Waxy Crude Oil Sales industry that not...

Market Research20 mins ago

3D Magnetic Sensors Market Report Analysis – Market Share, Industry Size, and Forecast 2025

MRP has announced the addition of the “3D Magnetic Sensors Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 –...

Market Research26 mins ago

Everolimus Tablet Market Report Analysis – Market Share, Industry Size, and Forecast 2025

MRP has announced the addition of the “Everolimus Tablet Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2024”....

Market Research32 mins ago

Sol-Gel Coatings Market Forecast, Market Share, Segmentation Analysis For Dip Coating, Spray Coating, Capillary Coating, Spin Coating, Flow Coating, Roll Coating Segments

The Sol-Gel Coatings market is growing by leaps and bounds. In spite of the volatile economic conditions because of the...

Market Research38 mins ago

Carbon and Energy Management Software Market Report Analysis – Market Share, Industry Size, and Forecast 2025

MRP has announced the addition of the “Carbon and Energy Management Software Market: Global Industry Perspective, Comprehensive Analysis, and Forecast,...


Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.