Financial Daily from THE HINDU group of publications
Thursday, Sep 29, 2005
Financial Daily from THE HINDU group of publications Thursday, Sep 29, 2005 |
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Marketing
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Retailing BPCL plans to invest Rs 450 cr on retail outlets Our Bureau
Chennai , Sept 28 BHARAT Petroleum Corporation Ltd (BPCL) proposes to invest Rs 450 crore this year on expanding its network of retail outlets. By the year-end, the company will have close to 7,000 retail outlets, Mr S. Krishnamurthi, Executive Director (Retail), said. Speaking to presspersons on the sidelines of the company's `In and Out' card - that can be used to buy goods at the In and Out convenience stores in the retail outlets - Mr Krishnamurthi said that the sales from the convenience stores had been going up steadily every year. Last year, the 380-odd In and Out stores generated a turnover of Rs 70 crore, he said. Answering a question, Director-Marketing of BPCL, Mr S. Radhakrishnan, said that the company expected its natural gas sales to increase to Rs 650 crore this year from around Rs 500 crore last year.
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