Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1346.00
-49.90 (-3.57%)
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RIL merges its 361 petrol pumps with retail business: Report

Date: 18-07-2016

Reliance Industries (RIL) has reportedly clubbed its 361 company owned-company operated fuel retail pumps with its organised retail business as part of its strategy to develop retail offerings at these petrol pumps.

The company is planning to expand its retail presence through these petrol pumps and it will add ‘square feet’ to its retail business and increase the revenue of petrol pumps too. Further, the company will develop the real estate at these fuel retail outlets with stores offering non-fuel consumer products.

The company, through its chain Reliance Retail, operates 3,383 stores across 679 cities with an area of over 13 million square feet.