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ADAG Feels the Heat as TPC plans to go to Court
Courtesy of someshahuja [May 13, 2010] The Tata Power Company’s (TPC) decision not to pay heed to the Maharshtra government’s diktat to sell power to RInfra has exposed the state’s lackadaisical approach to the power sector. The state was seen forcing TPC to share its electricity under the garb of ‘consumers’ interest’ even as consumers of the state-owned power entity are facing huge power shortages. [Continue . . . ] |
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BP Backs India Court Ruling In Reliance Case
Courtesy of someshahuja [May 12, 2010] BP PLC (BP, BP.LN) said Monday it supported a decision by India's highest court in a case involving Reliance Industries to give precedence to government production sharing contracts over other agreements. [Continue . . . ] |
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Reliance & Ambani Brothers – Past, Present & Future…
Courtesy of someshahuja [May 11, 2010] When two children are fighting on the same piece of chocolate, how would a mother play a mediating role between them? Either she will buy a new chocolate for the other child or just divide that sole piece of chocolate into two equal parts to be distributed between both the children. What did Kokilaben do in case of feuding Ambani brothers? Read on… [Continue . . . ] |
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RIL makes Fourth Oil Discovery in block CB–ONN–2003/1
Courtesy of someshahuja [April 28, 2010] Reliance Industries Limited (RIL) announced it’s fourth oil discovery in exploratory block CB-ONN-2003/1 (CB 10 A&B) located onland in the Cambay Basin and awarded under NELP-V round of exploration bidding. [Continue . . . ] |
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Common Wealth Games 2010 to be ‘solar powered’ by Reliance
Courtesy of someshahuja [April 07, 2010] RIL Solar Group implements Solar Power requirements for the Games Commissions India’s first 1MW solar PV power plant [Continue . . . ] |
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No shortage of legal cases against Anil Ambani
Courtesy of newsglobally [February 15, 2010] It’s hardly news that Anil Ambani has a major D6 gas pricing dispute against his brother Mukesh awaiting judgement in India’s Supreme Court. But PETROWATCH learns the younger son of legendary Indian industrialist the late Dhirubhai Ambani - and the world's third richest Indian after brother Mukesh and steel magnate Lakshmi Mittal - has thousands of legal cases pending against him. [Continue . . . ] |
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Few come calling for Reliance Comm global asset sale
Courtesy of newsglobally [February 02, 2010] More than a month after putting its biggest global assets up for sale, Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network. Sources close to the deal said Reliance Comm had already extended an initial deadline of late-January for submissions once, but had still attracted little interest for the deal seeking $3 billion. The sources spoke on condition of anonymity because of the sensitivity of the situation. One source said Singapore Technologies Telemedia - which owns stakes in Singapore's StarHub and undersea cable operator Global Crossing -- is contemplating a bid. [Continue . . . ] |
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RIL’s Q3 profit expected to rise on higher output from KG D6
Courtesy of avinashv76 [January 19, 2010] Higher natural gas production from the KG D6 fields off the eastern coast of India is likely to buoy revenues of Reliance Industries Ltd, or RIL, in the December quarter though lower margins on petrochemicals and oil refining are expected to temper profit growth, according to analysts tracking India’s most valuable company. [Continue . . . ] |
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Jagan Reddy aide held for attacking Reliance property
Courtesy of someshahuja [January 13, 2010] The Andhra Pradesh Police on Monday arrested the former president of the National Students’ Union of India (NSUI) for allegedly masterminding the January 7 attacks on the property of Reliance Industries. [Continue . . . ] |
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Mukesh Ambani receives Dean's medal
Courtesy of avinashv76 [January 12, 2010] Reliance Industries Chairman Mukesh Ambani has been awarded the inaugural Dean's Medal by the University of Pennyslvania's School of Engineering and Applied Science. [Continue . . . ] |