Essar Oil, India’s largest private fuel retailer, plans to double the number of petrol pumps it has in the country to 5,600 in 12-18 months, the firm’s Chairman Prashant Ruia said.
The company, which operates a 20 million tons a year oil refinery at Vadinar in Gujarat, will invest Rs 1,200 crore in upgrade of certain units of the refinery to help boost margins by USD 1.5 per barrel.
Essar Oil “has the largest private sector retail fuel network in India with over 2,800 operational outlets across the length and breadth of the country and over 2,800 at various stages of implementation to capitalise on the rising demand of transportation fuel”, Ruia said in its latest annual report. Read More…
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