India: HPCL To Develop Rural Service Station Network
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Friday, 19 February 2010 |
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Hindustan Petroleum Corporation Ltd is planning to develop 1,250 fuel service stations in rural areas over the next five years.
Arun Balakrishnan, HPCL chairman and managing director, said: “We
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, he added.
Currently, HPCL has 1,500 retail outlets in rural areas, which fetches
around 25% of their total revenue from retail business. Balakrishnan
said increasing the rural fuel service station network would help them
increase their retail market share while increasing the percentage of
revenue from rural operations as well.
Mr Balakrishnan said the detail project report for the 15 million
tonne per annum capacity refinery in the west coast of India was being
prepared and the company has already asked the Maharashtra government
for 3000 acres. HPCL, which has 7.5mt refinery at Vizag in Andhra
Pradesh, wants to set up a 15mt refinery at an investment above Rs
25,000 crore in between Mumbai and Goa. HPCL jointly with Laxmi Mittal
is also setting up a 9 mt refinery at Bhatinda in Punjab.
PetrolWorld India 190210
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