Domestic oil majors vie for shell's 47 pumps

Reliance Industries Ltd and Essar Oil, besides state-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) are vying for the 47 petrol pumps offered by Royal Dutch Shell in India.

Reliance Industries Ltd and Essar Oil, besides state-owned Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL) are vying for the 47 petrol pumps offered by Royal Dutch Shell in India.

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Shell is the only foreign fuel retailer in India and plans to sell off 47 of its 80-odd petrol pumps across the country.

Sources in Shell confirmed that the company had received bids from state-owned and private oil companies in India.

We are looking at some of the petrol pumps of Shell and have already submitted bids," said BM Bansal, chairman and managing director of IOC.

A senior IOC official said the company has been shortlisted for three of Shell's pumps.