LPG / LNG storage & distribution
Status: Planning Stage
Promoter: Essar Oil
Project: Plans an expansion of fuel retail outlets from 1,500 Nos. to 5,000 Nos
Location: Across India
Project Details: 1,400 outlets are in various stages of implementation. According to media reports, it is planning to set up another 2,100, taking the total tally to 5,000. The company has been doing sales of 1.8 million kilo ltrs of fuel per month and plans to take it to three million kilo ltrs by the end of this year. In its expansion drive, Essar has fuel retail outlets under all formats-company owned, company operated (Coco), company owned, dealer operated (Codo) and dealer owned, dealer operated (Dodo). The company plans 10 per cent of the 3,000 outlets under the CoCo format. Essar has so far invested around Rs. 100 million in CoCo outlets. Going forward, it would invest Rs. 3000-3500 million in these. On an average, a CoCo outlet requires an investment of Rs. 10-15 million.