Essar Oil to ramp up retail network by adding around 50 new outlets

Private refiner Essar Oil is planning to ramp up its retail network by adding around 50 new franchisees and five company-owned outlets this fiscal. The company will add 40-50 franchisees by the end of the fiscal if the diesel prices continue to get increased and the differential between the state-owned oil marketing companies and private players’ prices goes down. The company also plans to open at least five outlets owned and operated by it. Signage players including PSPs, sign makers and others would benefit from such new development in the retail sector in which new business in in-store displays and others will be popped up!