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Indian Auto Gas to expand operations

Category :India Sub Category :National,Business
2009-08-19 00:00:00
   Views : 475

Chennai, Aug 19 - With Indian auto makers rolling out cars powered by liquefied petroleum gas (LPG), the city-based Indian Auto Gas has chalked out plans to expand its gas vending stations, said a top company official here Wednesday.

'In the current year, we will be adding 39 new stations taking the total to 66 and also build 100-tonne gas storage terminals in Tamil Nadu and Andhra Pradesh,' said company chief executive S.M. Anthony Thomas.

According to him, the expansion outlay will be Rs.30 crore - to be funded by debt and promoters' contributions.

Indian Auto Gas sources LPG from importers and also plans to import by the year-end.

'We plan to import 3,000 tonnes in the first shipment.




Author :Indo Asian News Service



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