HPCL-Mittal Energy Limited (HMEL) and Indraprastha Gas (IGL) on Tuesday, 6th February, 2025 entered into a strategic agreement to collaborate on meeting the compressed natural gas (CNG) requirements for HMEL's upcoming retail outlets.
This partnership seeks to leverage the strengths of both companies, with HMEL's forthcoming network of fuel retail outlets and IGL's expertise in natural gas distribution. Under this agreement, IGL will supply CNG to select HMEL outlets in regions where IGL operates its distribution network.
“This collaboration will ensure a reliable and efficient supply of CNG, enabling HMEL to cater to the increasing demand for cleaner and more sustainable fuel options among consumers,” read a press statement.
The agreement was signed by Rajnish Mehta, VP-Marketing, HMEL and Rajeev Kumar, Head Marketing-IGL in presence of S K Soni, Head-Retail, HMEL and team members from both the companies.
The initiative intends to align with India’s broader goals to promote natural gas as a key component of its energy transition strategy.
“It also supports efforts to reduce vehicular emissions by providing wider access to environmentally friendly fuel alternatives,” per the press statement.
The partnership is expected to benefit both companies by expanding their customer base and strengthening their presence in the energy market while contributing to sustainable development and environmental conservation.
Source: Businessworld
