Kolkata: Public sector oil company Hindustan Petroleum Corporation Ltd (HPCL) plans to increase its retail outlets to 9,000 by next year from the current 8,500, a top company official said here Thursday.
"We want to increase our retail outlets to 9,000 by next year from 8,500. We want to increase the number of outlets in rural region to 2,000 in next one year," HPCL chairman and managing director Arun Balakrishnan said.
He was speaking on the sidelines of the 28th National Conference of the National Institute of Personnel Management.
Rural business already generates 20-25 percent of the total sales, he said. In the next few years, rural business is expected to increase to 30-35 percent of the total turnover of the company.
The company needs to invest close to Rs.25 lakh for each retail outlet.
Talking about Parikh Panel Committee recommendation, Balakrishnan said it was an industry issue but he agreed it would help in improving results.
Parikh Panel Committee has recommended decontrolling of petrol and diesel pricing.
