CUGL
Providing cost-efficient, environmentally friendly natural gas solutions for domestic, commercial, and industrial applications in U.P.
| Date | Investors | Amount | Round |
|---|---|---|---|
$6.7m | Growth Equity VC | ||
| Total Funding | 000k | ||
Central U.P. Gas Limited (CUGL) is a joint venture between GAIL India Limited and Bharat Petroleum Corporation Limited, established on February 25, 2005. The company specializes in the distribution of natural gas, including Piped Natural Gas (PNG) and Compressed Natural Gas (CNG), across various sectors such as domestic households, commercial establishments, and industrial units. Operating primarily in the Uttar Pradesh region, CUGL serves cities like Kanpur, Bareilly, Unnao, and Jhansi.
CUGL's business model revolves around the supply and distribution of natural gas through a network of pipelines and CNG stations. The company generates revenue by selling natural gas to different types of customers, including residential users, commercial entities like hotels and hospitals, and industrial clients. CUGL also invites applications for Dealer Owned Dealer Operated (DODO) CNG stations, expanding its reach and service capabilities.
The market for natural gas is growing due to its cost-efficiency and environmental benefits. Natural gas is considered a cleaner alternative to traditional fossil fuels, making it a preferred choice for reducing carbon emissions. CUGL capitalizes on this trend by promoting natural gas as a green fuel option, contributing to a cleaner environment.
Keywords: Natural Gas, PNG, CNG, Domestic, Commercial, Industrial, Uttar Pradesh, Green Fuel, Cost-Efficient, Environmentally Friendly.