RIL's bulk diesel market share climbs to 4.9%

Reliance Industries said it had a 4.9% market share of the bulk high-speed diesel segment in the December quarter. RIL’s share in this segment in 2015-16 was 3.5%. 

RIL’s bulk high-speed diesel sales have seen healthy growth in the past few quarters. “Impressive growth of 25% was registered in the December quarter and over 50% in cumulative year-to-date sales,” the company said in a presentation to analysts on Monday.

What has worked for the company is its focus on newer segments. RIL won a contract in 2016-17 that involves 30 railway consumer depots to provide 11.6% of the diesel requirement