Aegis Logistics and Essar Oil have formed a strategic alliance to sell each other's fuels in seven states through their retail outlets.
"With this alliance with Essar Oil, we expect our auto gas stations' roll-out to be accelerated," Aegis Logistics vice-Chairman and Managing Director Raj Chandaria told reporters here.
Aegis Logistics will set up an auto liquefied petroleum gas dispensing stations at Essar Oil's retail outlets, while Essar Oil will set up motor spirit and high-speed diesel dispensing facilities at Aegis' auto-gas stations, the two companies said at a joint press conference here today.
This is an exclusive arrangement between the two companies covering Gujarat, Maharashtra, Karnataka, Madhya Pradesh, Andhra Pradesh, Rajasthan and Tamil Nadu.
Aegis Logistics currently has a network of 65 auto gas stations in the seven states, and aims to have 300 auto gas stations by 2010-11, Chandaria said.
Aegis Logistics will also pursue similar strategic alliances for setting up auto LPG dispensing stations at other companies' fuel retailing outlets, an Aegis official said.
Essar Oil too is in talks with other auto LPG providers such as Elf Gas India and SHV Energy in several states.
