MUMBAI, 6th October, 2020 (GNI): The Union Minster for Petroleum & Natural Gas and Steel, Dharmendra Pradhan today through a Video Conference from Delhi, dedicated 42 CNG stations and 3 City Gate Stations (CGS) of Torrent Gas to the service of the community. The CNG stations are located across various states, including 14 in Uttar Pradesh, 8 in Maharashtra, 6 in Gujarat, 4 in Punjab and 5 each in Telangana and Rajasthan. The City Gate Stations include one each in Uttar Pradesh, Maharashtra and Punjab.
With the completion of these 42 CNG stations, Torrent Gas has achieved a major milestone of commissioning 100 CNG stations, within a short span of time. Torrent Gas, which has the authorisation to lay City Gas Distribution (CGD) network in 32 Districts across 7 States and 1 UT, is one of the fastest growing CGD entities amongst its peers, and is growing both organically and inorganically. Very soon Torrent Gas will make CNG and PNG available in Chennai, the only metro city where CNG and PNG are not available.
Specially appreciating the speed at which Torrent Gas is setting up the CNG stations and creating CGD infrastructure in the country, Dharmendra Pradhan said, “This achievement of Torrent Gas is specially praiseworthy, as it has achieved the milestone of 100 CNG stations within a short span of less than two years and is worthy of emulation by others. 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. The CGD industry has a key role to play in creating the next generation gas infrastructure as envisioned Prime Minister. The Government of India is taking various steps to give a further impetus to the CGD industry and is making gas available at an affordable price to the common man”.
The Minister took this opportunity to call on CGD companies to become comprehensive energy retailers and digitise their services as well as payment systems so that energy can be delivered at citizen’s door steps in the coming days. He also emphasized how digitisation in energy sector can create employment, reduce import dependency and make way for ‘Atmanirbhar Bharat’.
Speaking on the occasion, Mr. Jinal Mehta, Director, Torrent Gas said “Torrent Gas is committed to its mission of making CNG and PNG widely available in the country and thereby contributing to the Government of India’s vision of increasing the share of natural gas from 6.2% to 15% of the Indian energy basket by 2030. The widespread availability of natural gas is expected to contribute towards the socio-economic development of these regions. Torrent Gas intends to make a total investment of Rs 8,000 crores (USD 1.1 Billion) 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”.
The availability of clean and economical CNG and PNG across the country is a critical step towards energy sufficiency and meeting India’s commitment under the Paris Agreement to reduce its emissions. Along with launching the CNG stations, Torrent Gas has also invested deeply into building awareness about CNG as an economical and environment friendly alternative to petrol and diesel.
About Torrent Group, with revenues of Rs. 22,000 crores (USD 3 billion) and market cap of Rs. 62,000 Crores (USD 8.5 Billion), has a strong presence in Pharmaceuticals, Power and City Gas Distribution (CGD) sectors.
Torrent Pharma, the flagship company of the Group, is a dominant player in the cardiovascular and CNS segments with global presence spread across 40 countries.
Torrent Power is one of the largest private sector players in the power sector with presence across the entire power value chain – power generation, transmission and distribution. Torrent Power has an installed generation capacity of 3,879 MW and distributes power to over 3.65 million customers in 10 cities in 3 States.
About Torrent Gas, the Group’s City Gas Distribution (CGD) business, is one of the leading CGD companies in the country and has been authorised to set up CGD infrastructure and sell Compressed Natural Gas (CNG) to vehicle users and Piped Natural Gas (PNG) to industries and households in 32 districts across 7 States (Uttar Pradesh, Gujarat, Maharashtra, Rajasthan, Punjab, Tamil Nadu and Telangana) and 1 Union Territory (Puducherry). Torrent’s authorised areas, across the country have a population of approximately 9 Crores + people, which is about 7% of the total population of India.
About CNG (Compressed Natural Gas): CNG is now the preferred choice of smart and environmentally conscious vehicle owners. Commonly referred to as a green fuel because of its lead and sulphur-free character; CNG substantially reduces emissions thereby reducing the effect of global warming. Not only is CNG a cleaner fuel, being non-corrosive, it enhances the longevity of the engine without compromising on engine power and gives a significant improvement in fuel efficiency. CNG is substantially cheaper than petrol & diesel and consumers can easily expect savings of up to 50% and 30% respectively on their monthly fuel spend, depending on driving conditions and location.
Today, most of the leading manufacturers of cars, auto rickshaws, buses and other public transport vehicles have launched models with factory-fitted CNG engines. For existing petrol car owners, various brands of CNG kits are available in the market. There are many Government approved retrofitters who are helping conventional fuel vehicles to be fitted with CNG kits and thereby convert their existing vehicles to CNG.ends
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