Hindustan Petroleum Corp Ltd (HPCL) on Wednesday said it has commissioned its first petrol pump in Bhutan as it makes a foray into the Himalayan Kingdom.
HPCL, a subsidiary of state-owned Oil and Natural Gas Corp (ONGC), commissioned its first retail outlet in Bhutan on March 11 in partnership with State Trading Corporation of Bhutan (STBCL), a Government of Bhutan entity, the company said in a statement.
"The outlet has the best of infrastructure facilities including full-automation. The staff deployed at the outlet have been trained at our Skill Development Institute in Visakhapatnam," HPCL said.
This is the first of the 22 outlets planned as per the memorandum of understanding (MoU) with STBCL at select high-potential sites in Bhutan.
"As per this MoU, HPCL will give technical and brand support to STBCL in setting up and running the outlets apart from supplying products to the outlets," the statement said. "Commissioning of this retail outlet marks HPCL's presence in the retail petroleum industry outside country and fuels their aspiration to spread into new geographies."
HPCL owns 16,194 out of 68,032 petrol pumps in India.
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