Thursday, October 6, 2022

IOC, HPCL, BPCL to set up 60 LPG bottling plants under PPP mode

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New Delhi: Three state-owned oil marketing companies (OMCs) — Indian Oil Corporation Ltd (IOC), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Limited (BPCL) — have plans to set up 60 LPG bottling plants across the country under the public-private-partnership model to cater to the rapidly increasing demand for cooking gas cylinders.

He added that under the expansion plan, IOC will not just increase the number of bottling plants but also increase the capacity of its plants.

While speaking to the press, IOC Chairman Sanjiv Singh said that the demand for cooking gas has risen rapidly after 5.87 crore new connections were registered under Pradhan Mantri Ujjwala Yojana (PMUY) and it calls for additional LPG bottling capacity. “We have already closed the tenders for setting up 60 small private LPG bottling plants in the country. Indian Oil will avail 21 plants while Bharat Petroleum will have 20 and Hindustan Petroleum would have 19 such private bottling plants’ service,” he said. According to Singh, the proposition to bring in private players for bottling LPG cylinders has many merits because they have advantages like land and financial tie up for setting up such plants. He added that under the expansion plan, IOC will not just increase the number of bottling plants but also increase the capacity of its plants.

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