Everest Kanto Cylinder Ltd., India’s biggest maker of high-pressure gas cylinders used for automobiles and industrial storage, sees demand increasing as the nation pushes use of the cleanest fossil fuel to improve its air.
The Mumbai-based company aims to benefit from the government’s plan to increase the number of compressed natural gas stations in the country to 10,000 over the next five years, Managing Director Puneet Khurana said on a briefing call Nov. 26. India now has about 2,300 outlets.
“The government is focused on having a gas economy,” Khurana said. “We are seeing serious investments being announced.”
