![]() Financial Daily from THE HINDU group of publications Friday, May 24, 2002 |
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Industry & Economy
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Petroleum HPCL to set up four auto LPG stations Our Bureau
HYDERABAD, May 23 HINDUSTAN Petroleum Corporation Ltd (HPCL) would be establishing four auto LPG dispensing stations in Hyderabad during the next four months. The retail outlets, to be established at a cost of Rs 30 lakh each, will have a combined capacity of 4,000 tonnes per annum. The HPCL General Manager - LPG, Mr S. V. Sahini, told newspersons here on Thursday that the corporation had planned to set up 50 auto LPG outlets across the country in the initial phase. It had, so far, set up seven outlets in Mumbai and was in the process of setting up 30 more stations during the current fiscal. He said that HPCL retail outlets would also facilitate installation of the required conversion kits in vehicles. In Mumbai, the company was selling LPG as auto fuel at a price of Rs 15.50 per litre. A litre of LPG would give as much mileage as a litre of petrol. Mr Sahini said that HPCL was awaiting Government's clearance for the launch of five kg LPG cylinders in rural areas. The company had submitted a detailed proposal to the Government in this regard. Currently, HPCL was marketing the low-capacity cylinders in Jammu and Kashmir and a few areas in Punjab. Stating that the 350-km long Visakhapatnam-Vijayawada LPG pipeline was completed ahead of schedule, Mr Sahini said that pipeline was proposed to be extended by 234 km to Secunderabad to cater to the needs of the Telangana districts. HPCL had also proposed to set up a 500-MW power plant at Visakhapatnam in association with the Andhra Pradesh Electricity Board. The plant would use refinery residue fuel. With regard to the Bhagyanagar Gas Ltd, a joint venture between HPCL and the Gas Authority of India Ltd, he said that a feasibility study was currently being conducted. The project envisaged distribution of cooking gas and auto LPG through pipeline network to Andhra Pradesh. HPCL has also set up South Asia LPG Co Ltd, a joint venture with Totalfina Elf of France. Under the project, an underground cavern storage facility of 60,000 tonnes capacity was proposed to be set up at Visakhapatnam.
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