Sunday, May 19 2024 | Time 05:10 Hrs(IST)
Business Economy

AP: Petregaz India inaugurates Rs 600 cr refrigerated LPG Terminal at Krishnapatnam

Nellore (Andhra Pradesh), Apr 12 (UNI) Petregaz India, a subsidiary of Petredec Group, on Friday announced the inauguration of its new LPG Import and Storage Terminal at Krishnapatnam, about 25 kms from here.
The newly commissioned facility, with an investment of INR 600 crores, enables LPG marketers to deliver cost-effective, and dependable solutions to residential, commercial, industrial, and automotive customers, the company said in a statement here.
The terminal is located within the Adani Krishnapatnam Private Port at Krishnapatnam, 25 km from Nellore.
Petregaz India CEO Susheel Raina said, “Government-run oil companies can utilize our Terminal's capacity to improve LPG supplies in the hinterland, optimizing logistics and strengthening India's LPG landscape. This new facility will also benefit private marketers and bottlers by improving access to LPG in an area of the country historically underdeveloped in terms of LPG infrastructure.”
With the launch of the new terminal, we look forward to working with a host of new customers and partners, large and small, and supporting India’s energy transition away from heavier, higher polluting hydrocarbons to cleaner burning, affordable, and accessible LPG, he added.
Petredec is an integrated LPG company that trades, transports, and distributes LPG around the world.
Petredec owns and operates a large and modern fleet of 35 LPG carriers, mainly VLGCs. Petredec has a growing presence in the LPG downstream sector, with three LPG import terminals in the Indian Ocean.
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