In chat with Anil Singhvi, MK Surana, CMD, HPCL says planning to increase focus on city gas distribution

In chat with Anil Singhvi, MK Surana, CMD, HPCL says planning to increase focus on city gas distribution

Hindustan Petroleum Corporation Limited (HPCL) CMD Mukesh Kumar Surana joined Zee Business Managing Editor Anil Singhvi in the popular ‘NewsParViews’ show today and revealed that the company is planning to increase focus on city gas distribution

Hindustan Petroleum Corporation Limited (HPCL) CMD Mukesh Kumar Surana joined Zee Business Managing Editor Anil Singhvi in the popular ‘NewsParViews’ show today and revealed that the company is planning to increase focus on city gas distribution.  

“We already have good grasp over petroleum products and their business. However, gas is a new vertical for us and it is growing fast. From city distribution point, we have authorization for 20 geographical areas. We have already done good job on this front. This year, CNG and PNG city gas distribution has started in many of these areas and there will be good increase in numbers next year too,” HPCL CMD said, adding that even where the company itself has no authorization, it selling CNG through some 600 petrol pumps.  

Talking about charging stations, he said, “Electric mobility is a subject, where discussions are underway, but as far as its use in the market is concerned, there is still time. In this, there is a new item about which discussions are underway about its full utility, convenience and infrastructure and even there is some headway on work front. HPCL has provided charging facilities at 36 retail outlets of the company,” he said.  

Talking about impact of high cost of petroleum products on margins, Mukesh Kumar Surana said it is wrong perception and increase or decrease in prices of petroleum products do not impact the company’s margins much.  

https://www.zeebiz.com/companies/news-in-chat-with-anil-singhvi-mk-surana-cmd-hplc-says-planning-to-increase-focus-on-city-gas-distribution-143965

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