Indraprastha to add 50 outlets, invest Rs 500 cr

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GAIL India and Bharat Petroleum’s joint venture Indraprastha Gas Ltd (IGL) that sells CNG in the national capital has recently announced its plan of investing around Rs 500 crore for adding another 50 retail outlets in Delhi and NCR before the 2010 commonwealth games.

Speaking to media, Rajesh Vedvyas, managing director, IGL, said, “We are planning a compression of around 28 lakh kilogram of gas per day, and will increase the capacity of our existing outlets by 40-50 per cent.”

“In this fiscal, we have planned to invest around Rs 250 crore with an average investment of around Rs 10 crore per station. For some of our projects, we have acquired the land and received approval from the administrative authority,” added Vedvyas.

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