In­dane’s ru­ral drive to call for higher LPG im­ports: IOC

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IIn­dian Oil Cor­por­tion’s (IOC) LPG busi­ness di­vi­sion, In­dane, has em­barked on cre­at­ing a ru­ral cus­tomer base for which LPG im­ports are likely to touch 16 mt by 2022 from 9mt at present. IOC has started cre­at­ing im­port in­fra­struc­ture for back­ing its ru­ral ini­tia­tive, IOC chair­man and man­ag­ing di­rec­tor B Ashok said on the side­lines of a pro­gramme com­mem­o­rat­ing 50 years of In­dane.

“In­dane would fo­cus on cre­at­ing a ru­ral cus­tomer base since growth pos­si­bil­i­ties in the metro cities have al­ready sat­u­rated and growth in tier-II and tier-III cities were near sat­u­ra­tion. LPG has even reached the BPL cat­e­gory in ur­ban ar­eas, but there was scope in the ru­ral mar­ket for which IOC was preparing for a drive,” Ashok said. He said while the com­pany has al­ready firmed plans of cre­at­ing a net­work for ru­ral distributers, it was try­ing to find the right modal­ity.

Ashok also said the pro­posed Paradip-Dur­ga­pur LPG pipe­line will be ready by the next year to boost sup­plies. “IOC is set­ting up two LPG im­port ter­mi­nals at Kochi and Paradip ports. The Paradip to Dur­ga­pur stretch of the pipe­line will be ready by the next year,” he said. The IOC chief said that af­ter the pipe­line con­struc­tion is over, it is ex­pected that there would be no back­log in sup­plies.

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