VISAKHAPATNAM: Pan Fueltech Ltd., a Visakhapatnam-based company, has plans to set up 30 auto LPG stations from Bhubaneswar to Chennai along the national highway in the next three years and the first one will be opened here on Tuesday.
According to the Chairman of the company P.K Gupta, the State Finance Minister K. Rosaiah will inaugurate the auto LPG station, the first to be set up by a private company in the city. The company is part of the Rs.700-crore Sahuwala group which has a total turnover of Rs. 400 crores in manufacturing LPG cylinders and auto LPG tanks. “Our company has a market share of 80 per cent in the manufacture of LPG cylinders and we have supplied more than 80 lakh cylinders since 1982 to the public sector oil companies. We are also leading suppliers of auto LPG tanks and related equipment to OE manufacturers in the private sector,” he stated.
He said it would cost about Rs.60 lakhs plus land cost to set up an auto LPG station. As the LPG was gaining increasing acceptance with the public and the Government was also encouraging the use of LPG in vehicles, they were confident of executing the plans. Mr. Gupta said that at present many car owners were illegally using domestic LPG cylinders and it was also very hazardous. “So, we will supply the conversion kits and fit the vehicles with them at our auto LPG stations. This will enable vehicle owners to cut down on fuel costs by at least 30-50 per cent. We are sure the Government will encourage the use of LPG in vehicles even in the smaller towns and cities,” he said.
He also revealed the company was planning to set up CNG stations at a later stage. It had tied up with the Italian company, Lo Gas, for the supply of technology and the conversion kits under the brand name “Mygaz.”
“Our product range includes LPG and CNG kits, tanks, multivalves, auto gas electrical items, accessories, and related equipment,” he said.