Ultra Gas CEO sets sights on 15 new LNG retail stations by fiscal deadline

Speaking to The Hindu, Maqsood Shaikh, CEO and Managing Director of Ultra Gas, emphasised that a dedicated policy for LNG-based transportation is an imperative for the fuel segment to grow.

Source

The Hindu — Business →

Quick Revision

Prelims-testable facts

01Ultra Gas plans to add 15 liquefied natural gas (LNG) retail stations by March, expanding its network to 25 outlets.
02The expansion aims to improve refuelling access for long-haul freight operators.
03Ultra Gas targets over 100 stations by FY29 with a ₹900 crore investment.
04A dedicated policy for LNG-based transportation is considered imperative for the fuel segment to grow.
05Ultra Gas & Energy Ltd (UGEL) is investing ₹900 crore to establish 100 LNG retail outlets across India.
06The company plans to integrate EV charging infrastructure at every station.
07Ultra Gas & Energy Ltd (UGEL) aims to cover nearly 98% of India's major freight movement corridors with its LNG refuelling network.

Trap alerts

Most people think Ultra Gas is a new company, but actually it is the clean-tech arm of the Essar Group.
Most people think the ₹900 crore investment is for expanding the network to 100 outlets only, but actually it is for expanding the network to 100 outlets and integrating EV charging infrastructure.
Most people think the expansion aims to improve refuelling access for all types of vehicles, but actually it aims to improve refuelling access for long-haul freight operators.

Mains Practice Question

Critically examine the imperative of a dedicated policy for LNG-based transportation to facilitate the growth of the fuel segment.

250 words

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Prelims Practice MCQs

Single facteasy

Ultra Gas is targeting to add how many LNG retail stations by the end of the fiscal?

A.5
B.10
C.15
D.20

Ultra Gas aims to add 15 LNG retail stations by the end of the fiscal, a key target for the company's growth in the fuel segment.

Single factmedium

Who is the CEO and Managing Director of Ultra Gas?

A.Maqsood Shaikh
B.Rahul Kumar
C.Sachin Jain
D.Amit Agarwal

Maqsood Shaikh is the CEO and Managing Director of Ultra Gas, a key leadership position in the company.

Multiple statementsmedium

Consider the following statements regarding Ultra Gas Expansion Plans: 1. Ultra Gas is targeting to add 15 LNG retail stations by the end of the fiscal. 2. Maqsood Shaikh, the CEO of Ultra Gas, has announced plans to add 20 LNG retail stations. 3. A dedicated policy for LNG-based transportation is essential for the growth of Ultra Gas. How many of the above statements are correct?

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