Chennai, July 2: Out of total number of LPG customers in Tamil Nadu, Indian Oil has 136 Lakh customers and For LPG distribution, a 1250 km pipeline from Ennore to Tuticorin will be laid at cost of Rs 6000 crore.
Addressing a press conference here, Indian Oil (Tamil Nadu and Puducherry) Executive Director P Jayadevan said a few months ago, Prime Minister Narendra Modi launched the Indian Oil’s Ennore LNG Terminal, which would be the forerunner, ushering in the Gas based energy phase into Tamil Nadu.
This terminal with its linkages through pipelines and spur lines to Tuticorin and Bengaluru would bring in cheaper and cleaner Natural gas to the industries, auto fuel stations and households.
'The proposed LPG Pipelines, which will run across the state, would sharply reduce our dependence on the road transportation of bulk LPG to the bottling plants, which is the norm currently not only in Tamil Nadu but across Southern Region', he added.
In LPG, Indian Oil’s Indane has a market Share of 58.1 with the sales of over 1250 TMTs of product during the last fiscal.
'In the current year we expect to sell 1316 TMTs', Mr Jayadevan said and added that of the total number of LPG distributors of 1598 on industry basis, Indian Oil has 851 distributors.
Out of the total number of 238 lakhs LPG customers in Tamil Nadu, Indian Oil has 136 lakhs, he added.
He said Indian Oil was also set to augment the storage capacity of its bottling plants across the state to gear up for the enhanced demand for the product in the current year.
Around 6000 MTs of storage was being added across Ennore, Puducherry, Trichy, Madurai and Erode bottling plants, he said and pointed out that the current LPG storage capacity of LPG across the bottling plants in Tamil Nadu was about 14,000 MTs, which included 1800 MTs of Tirunelveli bottling plant, which was yet to be commissioned.
With this capacity Indian Oil was capable of rolling out about 265,000 cylinders per day adding up to an annual bottling capacity of 940 thousand MTs per year. (UNI)