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The Promoter has acquired IOCL Petrol Pump license for Raipur City and is valid till 2039.
The funds required to start the petrol pump is approx. INR 2.5 Cr. The Promoter has got INR 50 lakhs of his own. He has identified the land in Naya Raipur on NH 30 Highway. Land area is 20,000 sq.ft. Land price is around INR 2 Cr. Remaining INR 50 lakhs will be arranged by the Promoter from External Source.
The Promoter is looking -
a) Investment of INR 1.5 Cr to purchase the Land. (Investor will get 50% Partnership in the business) or
b) License Sale INR 80 lakhs. (Negotiable)
Reason
Lack of Funds
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