Torrent Gas plans Rs 10,000 crore capex in 5 years; sets up 25 CNG stations in Chennai
Torrent Gas, part of the USD 3 billion Torrent Group, has drawn up a Rs 10,000 crore capital expenditure plan spread over the next five years including Rs 5,000 crore investment in Tamil Nadu, a top company official said on Tuesday. The company earlier in the day launched 25 CNG stations in Chennai and Tiruvallur districts which was formally inaugurated by Chief Minister M K Stalin through the virtual mode.
The company has set up its City Gate Station (or the Mother Station) at Vallur near Ennore in Tiruvallur district through which piped gas supply can be made to over 33 lakh residences.
