Bharat Petroleum discuses with Shell India to buy retail outlets

Bharat Petroleum Corp Ltd is in talks with the Indian unit of Royal Dutch Shell PLC (RDSA) to buy up to 30 fuel retailing outlets. The discussion between the two companies will result in Shell to sell 20-30 fuel outlets to Bharat Petroleum.  Shell recently announced that it was selling some of its fuel outlets and land sites in India and establishing new outlets as part of its strategy to reorganise the business. Indian Oil Corp Ltd and Essar Oil Ltd have also expressed their interest to buy the fuel outlets of Shell India. New face of the retail outlets in the oil sector will bring in a new business opportunity to the signage players as well as PSPs, fabricators, sign suppliers extensively engaging in the sector.