this year which was an export market as well as supported its retail business.
“Besides, RIL sold its South African retail venture Gulf Africa Petroleum Corp. It not only exports from its twin refineries in Jamnagar but also supplies to fuel retailers domestically," an analyst from a domestic brokerage who tracks RIL said on condition of anonymity. RIL has 448 company-owned, company-operated outlets, which it plans to increase beyond 500 this fiscal year. Of these, land acquisition is the major issue which RIL is trying to address in the best possible way," the person said, also on condition of anonymity. “Acquiring the land, seeking permission and putting up the outlets take time. The second person mentioned above said the only hitch in RIL’s plan could be the process of identifying and acquiring land needed to set up outlets. “Retail business delivered a strong result where segmental Ebit (earnings before interest and tax) increased by 90% year-on-year to Rs2.4 billion (Rs240 crore) due to higher fuel retail sales during the fourth quarter of the last fiscal," Sudeep Anand, an analyst at IDBI Capital, wrote in a report dated 25 April.Īfter announcing its earnings in April, RIL said it was bullish on the fuel retail segment and planned to invest Rs2,500 crore in capital expenditure this fiscal year to expand its network of outlets. In the year ended March, RIL’s fuel retail revenue rose 60.2% from the previous year to Rs33,765 crore. “RIL might consider a network expansion to 2,500 to 3,000 outlets depending on commercial viability," analyst Nitin Tiwari of Antique Ltd wrote in a report dated 25 April. RIL holds licences for 5,000 fuel retail outlets. The company plans to reopen the rest of the outlets by the end of the year. RIL spent Rs5,000 crore in setting up 1,470 retail outlets between 2004 an 2006, of which 1,221 are operational. RIL, Essar Oil and Shell India together have a share of less than 8% of the fuel retail market, analysts say. Ltd (HPCL), managed to sell fuel below production cost thanks to government subsidies, which were not available to private sector fuel retailers.īut after the government deregulated petrol and diesel prices in June 2010 and October 2014, respectively, RIL began reopening its retail outlets in phases, gradually taking its market share to 5%. RIL, which had a 12% market share in fuel retailing in 2005, saw its share slip to less than 0.5% in 2014, by when it had shut most of its fuel retail outlets due to spiralling crude oil prices. Students who receive the Student-in-Residence scholarship also earn exclusive access to structured ways of connecting with StartX's network of hundreds of highly experienced and industry-leading mentors to help you think through important decisions, including successful StartX entrepreneurs, VCs, Stanford faculty and alumni - receive customized coaching, where and when you need it most, from.
0 kommentar(er)
