Economy
Ultra Gas Plans to Expand LNG Retail Station Network to 25 Outlets
The Hindu1h
THE BRIEF
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Essar-backed green fuel retailer Ultra Gas plans to add 15 liquefied natural gas retail stations by the end of the fiscal year, expanding its network to 25 outlets.
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The company aims to reach over 100 outlets by the end of FY29 with an investment of ₹900 crore to support long-haul freight operators.
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CEO and Managing Director Maqsood Shaikh stated that LNG-powered freight transport can deliver fuel-cost savings of 25-30% compared to diesel trucks.