New Delhi: Mukesh Ambani’s Reliance Industries Limited (RIL) plans to increase its aviation fuel depot by 50 percent. The bulk of this business is currently held by public sector companies and RIL wants to get more market share in it.
RIL, which operates the world’s largest refinery at one location (Jamnagar-Gujarat), plans to increase its presence in the aircraft refueling business at airports.
The report said that air traffic in India also increased by nine percent in February. India was the largest unaffected market in March even after the Covid-19 epidemic. However, the Indian aviation sector was also affected by the lockdown. According to the annual report, RIL improved its share in the domestic market during this period. RIL said that by the end of FY 2019-20, RIL can expand its network from 30 locations to 45 locations and is well placed to take advantage of growth opportunities in the Indian aviation market.
