Ultra Gas targeting to add 15 LNG retail stations by end of fiscal: CEO
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- ✓Ultra Gas plans to add 15 LNG retail stations by the end of this fiscal year, taking its network to 25.
- ✓CEO Maqsood Shaikh said, "With the 25 stations expected by the end of March, there would be 98% assurance that refuelling stations would be available every 200 to 250 kilometres."
Story at a Glance
- Category
- MARKET
- Reported By
- The Hindu
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Speaking to The Hindu, Maqsood Shaikh, CEO and Managing Director of Ultra Gas, emphasised that a dedicated policy for LNG-based transportation is an imperative for the fuel segment to grow.
Ultra Gas, the Essar-backed green fuel retailer, plans to add 15 retail stations for liquefied natural gas (LNG) used in vehicles by the end of the current financial year, taking its network to 25, Maqsood Shaikh, chief executive officer and managing director, told The Hindu on Thursday.
The company aims to expand its network to more than 100 outlets by the end of FY29, entailing an investment of ₹900 crore.
The expansion is expected to improve refuelling access for long-haul freight operators and encourage the adoption of LNG-fuelled trucks. With 25 stations operational by March, the company expects refuelling facilities to be available every 200-250 km across its network.
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The Hindu
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