IndianOil signs agreement with Siti Energy
Mumbai   09-Feb-2008
IndianOil has signed an agreement with Siti Energy Limited (SEL) for supply and retailing of CNG through IndianOil Petrol Stations in Moradabad, Uttar Pradesh. The agreement was signed in NOIDA by Amresh Kapoor, Deputy General Manager, Retail Sales, IndianOil and A K Gupta, CEO, Siti Energy Ltd. in the presence of A K Girdhar, General Manager, UP State Office, NOIDA and other Officials from IndianOil and SEL. CNG is being marketed from select IndianOil Petrol Stations in Mumbai, Delhi, Ahmedabad, Gandhinagar, Vadodara and Lucknow through an agreement with various companies like MGL, IGL, GAEL, GSPC, GGL etc. who supply CNG. As on date, CNG is available at 70 IndianOil Petrol Stations. Speaking on the occasion, Amresh Kapoor, Deputy General Manager, Retail Sales, IndianOil said that in recent times, there has been a marked shift from the use of conventional fossil fuels to new and renewable sources of energy that are cleaner and safer. Because of the widening gap between supply and demand, it has become imperative to diversify energy sources and explore alternative ways to meet the country's energy need and sustain economic growth. In his address, A K Girdhar said that in line with the country's pursuit of alternative sources of energy, IndianOil, is focusing on CNG (Compressed Natural Gas), Auto gas (LPG), ethanol blended petrol, bio-diesel, and Hydrogen energy.