LPG Scenerio
ORGANISATIONAL BACKGROUND
Kindly give the major milestones of Eastern Gases from its inception.
Answer: Eastern Gases (EGL) is a public limited company incorporated on February 14, 1995 and exclusively deals with LPG. In the year 1998, it commenced commercial production of bottling the LPG at its plant – Durgapur, West Bengal. EGL is among the largest dedicated liquefied petroleum gas (LPG) company of India amongst private sector players. In 2002, the company entered into marketing agreement with Indian Oil Petronas Private Limited (IPPL), a joint venture company of Indian Oil Corporation Limited, India and Petronas Nasional Berhad,
Malaysia (100% held by the Malaysian government), both are fortune 500 companies. IPPL has a state-of-the-art LPG terminal at Haldia with cryogenic storage of imported butane, propane &
LPG. The company has licensed capacity of 30,000 MT LPG refilling per month for the plant at
Durpagur, West Bengal. The company specialises in the arrangement to send the bulk LPG orders to all industrial customers from the Haldia import-export terminal of its principle. EGL offers a range of products suitable for a wide variety of applications and a host of services for its customers. The company can offer unlimited quantities of bulk butane, propane and any composition of LPG with the online blending facility. The company is leading supplier of anhydrous ammonia, liquor ammonia and packed ammonia in cylinders.
Kindly highlight the structure of the Eastern Gases business model.
Answer: Step one in building a successful business is to learn what products or technologies your customers really need and are willing to buy. This is an iterative process that I explained in this piece. The vast majority of technology startups fail because too few customers buy or use their products. So don’t underestimate the importance of validating and testing your ideas.
Developing the right product is hard. But what is harder is building a
Kindly give the major milestones of Eastern Gases from its inception.
Answer: Eastern Gases (EGL) is a public limited company incorporated on February 14, 1995 and exclusively deals with LPG. In the year 1998, it commenced commercial production of bottling the LPG at its plant – Durgapur, West Bengal. EGL is among the largest dedicated liquefied petroleum gas (LPG) company of India amongst private sector players. In 2002, the company entered into marketing agreement with Indian Oil Petronas Private Limited (IPPL), a joint venture company of Indian Oil Corporation Limited, India and Petronas Nasional Berhad,
Malaysia (100% held by the Malaysian government), both are fortune 500 companies. IPPL has a state-of-the-art LPG terminal at Haldia with cryogenic storage of imported butane, propane &
LPG. The company has licensed capacity of 30,000 MT LPG refilling per month for the plant at
Durpagur, West Bengal. The company specialises in the arrangement to send the bulk LPG orders to all industrial customers from the Haldia import-export terminal of its principle. EGL offers a range of products suitable for a wide variety of applications and a host of services for its customers. The company can offer unlimited quantities of bulk butane, propane and any composition of LPG with the online blending facility. The company is leading supplier of anhydrous ammonia, liquor ammonia and packed ammonia in cylinders.
Kindly highlight the structure of the Eastern Gases business model.
Answer: Step one in building a successful business is to learn what products or technologies your customers really need and are willing to buy. This is an iterative process that I explained in this piece. The vast majority of technology startups fail because too few customers buy or use their products. So don’t underestimate the importance of validating and testing your ideas.
Developing the right product is hard. But what is harder is building a