Indian Autogas to set up 1,000 pumps by 2013

Indian Autogas Company Ltd, a private energy company that is engaged in distributing LPG for automobiles has plans of setting up 1,000 gas filling stations across the nation. The company has plans of investing around Rs. 1,500 Crore to achieve the target within the next three to four years.

As per an official, the company presently supports 30 outlets in and around Chennai and will add 970 more outlets by 2013. Out of these, 90 per cent will be franchised and rest will be company owned. The official further said that the company is in talks with few land owners in Tamil Nadu, Andhra Pradesh, Maharashtra, Karnataka and Kerala to set up these stations.

With the Government enacting laws and rules to promote green fuel, the consumption of auto LPG will witness a tremendous increase in future. Moreover, the rising awareness among the people of India has given a momentum to the usage of the low cost and eco-friendly auto LPG. Even many automobile companies have also commenced production of auto LPG/CNG-operated vehicles.