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RIL plans to restart its entire 1,400 retail fuel pump outlets in FY16

20 Apr 2015 Evaluate

Reliance Industries (RIL) is planning to restart its entire 1,400 retail fuel pump outlets in fiscal year ending March 2016. The stations were closed in 2008 when global oil prices surged towards $150 a barrel and the government's subsidy to state fuel retailers knocked privately-owned retailers out of the market.

Over 320 fuel outlets have already been restarted. Reliance took a significant share away from the state companies in 2006.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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