Torrent Gas, a part of the Torrent Pharma Group, is increasing its city fuel distribution (CGD) enterprise by obtaining three groups. This is further to the thirteen geographical areas it received in bidding. The sparkling acquisitions take the company’s attain to 16 geographical zones in 32 districts and 7 states. The enterprise also plans to invest around `10,000 crores in the business.
Mahesh Group couldn’t begin operations in Pune and exited the enterprise with the sale to Torrent. Mahesh Gas is now a partner company of the Torrent Group. Under the Pune Natural Gas brand, it might perform to deliver piped natural gasoline and compressed herbal fuel (PNG & CNG) in Pune district Utkarsh Bhat, VP, advertising and marketing, Torrent Power. Maharashtra Natural Gas Limited (MNGL) is managing the CGD business in Pune City vicinity at the same time as the relaxation of Pune district might be handled using Torrent.
The location accredited to Pune Natural Gas consists of Ranjangaon, Baramati, Kurkumbh, Indapur, Pirangut, Wagholi, Saswad, Sanaswadi, Khed city, Rajgurunagar, Lonavala, Talegaon Phase II, Shirur, Shikrapur, Jejuri and different talukas of Pune district masking round 15,000 sq.Km. Pune district might see investments of `six hundred-seven hundred crores.
Shridhar Tambrapani, ED, Torrent Gas, stated that as part of its section-I community rollout plan, using March 31, 2021, the employer intends to set up over 50 CNG stations and launch over one-year lakh residential PNG connections and also deliver natural gasoline to industries in Pune district. The employer will lay 1,800-inch km of the fuel pipeline network.