By Martin Shwenk Leade
Copyright indiatimes
IANSUltra Gas & Energy Ltd (UGEL)
Ultra Gas & Energy Ltd (UGEL), an Essar group firm, will invest Rs 900 crore to expand its network of liquefied natural gas (LNG) retail outlets to 100 across India, the company said on Monday.UGEL currently operates six stations along major freight corridors in Rajasthan, Gujarat, Maharashtra, Karnataka and Tamil Nadu. The outlets are set up in the industrial and logistics hubs to provide reliable access to LNG, a cleaner alternative to diesel, it said in a statement. In its energy transition push, the group is investing in an LNG fleet for commercial vehicles and LNG fuel retail outlets.The compny said each of its retail outlets are designed as multi-fuel hubs, equipped with infrastructure for electric vehicle charging in addition to LNG dispensing.Each outlet has a scalable capacity of 50 tonnes of LNG, capable of refuelling up to 600 trucks per month. On average, a single outlet can reduce carbon dioxide emissions by 66,000 tonnes annually, with the network collectively targeting reductions of around 1 million tonnes, it said.Live Events “Our retail outlets are built to do more than just dispense fuel, they are catalysts for a cleaner, smarter logistics future,” said Maqsood Shaikh, managing director & CEO of UGEL. “We are proud to lead India’s transition toward greener fuels and sustainable mobility.”UGEL has tied up with suppliers, including IOCL, GAIL and HPCL to secure access to all major LNG terminals for uninterrupted fuel supply. The company said expansion work is already under way in Gujarat, Tamil Nadu, Maharashtra, Rajasthan, Haryana, Punjab, Karnataka, Odisha, Chhattisgarh and Jharkhand. Add as a Reliable and Trusted News Source Add Now!
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Read More News onLNG retail network expansionUltra Gas & Energyinvest Rs 900 croreLNG retail networkinvestment in LNGclean alternative to dieselcarbon dioxide emissionsEssar groupcommercial vehicles fuelNatural Gas
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onLNG retail network expansionUltra Gas & Energyinvest Rs 900 croreLNG retail networkinvestment in LNGclean alternative to dieselcarbon dioxide emissionsEssar groupcommercial vehicles fuelNatural Gas(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
