Oil major Hindustan Petroleum Corporation Ltd is planning to roll out 1,250 petrol pumps in rural areas in the next five years entailing investments above Rs 312 crore. It will roll out 250 petrol pumps in rural areas every year for the next five years. Setting up each petrol pump would cost around Rs 25 lakh and will be named as Hamara Pump.
Currently, HPCL has 1,500 retail outlets in rural areas, which fetches around 25% of their total revenue from retail business. Increasing the number of petrol pumps in rural areas would help them increase their retail market share while increasing the percentage of revenue from rural operations as well.
Detail project report for the 15million tonne per annum capacity refinery in the west coast of
Company Name | CMP |
---|---|
Reliance Industries | 2831.00 |
Indian Oil Corp. | 158.50 |
BPCL | 605.00 |
HPCL | 493.20 |
MRPL | 205.40 |
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