IndianOil to Foray into Non-Fuel Retail Segment

IndianOil has decided to enter into the non-fuel retail segment in India, possibly in partnership with an established player in the business such as the Aditya Birla group or Pantaloon. Sarthak Behuria, chairman of IndianOil, said that the new retail business would start operations within six months. IndianOil is expected to first shortlist the leading players in the organized retail sector and then decide on the most suitable partner to forge a joint venture with.