Everything on ‘Reliance Petroleum’
PMO support to RIL's gas price revision baffles analysts
The price revision could benefit RIL by $8 billion Even as the Prime Minister’s Office (PMO) strongly bats for the demand by Mukesh Ambani- owned Reliance Industries Limited (RIL) for revision of KG-D6 gas prices, the Petroleum Ministry and the Association of Power Producers (APP) have strongly opposed the move before the scheduled 2014 deadline. [...]
Shareholders quitting Reliance
Mumbai, May 19 (TruthDive) : Going by the annual report of Reliance Industries (RIL) it has seen 1,13,490 in the category of investors owning between 1-500 shares dropping out. This comes as a surprise since RIL was the favourite of these small shareholders otherwise known as retail investors. As per the report, total shareholders declined [...]
Pivotals – Reliance Industries (688.6)
The stock breached the key support at Rs 690 and declined to an intra-week low of Rs 673 last week. However, taking support around this low, it recovered most of its losses. Still, the stock appears to be testing its important support range between Rs 690 and Rs 700. An upward reversal will be a [...]
Reliance seeks removal of CAG's adverse observations on Tilaiya, Sasan projects
Anil Ambani owned Reliance Power has urged the Comptroller and Auditor General of India (CAG) to delete the “observations” it had made in its draft report about the diversion and utilisation of excess coal from the Sasan and Tilaiya ultra mega power projects in Madhya Pradesh and Jharkhand. In a letter to CAG Vinod Rai, [...]
Policy Failures Render Country a Basket Case
ZIMBABWE’S growing reliance on food imports, particularly from regional countries such as Zambia and Malawi, is testimony to the country’s general regression over the years blamed on the government’s policy failures by players within the agricultural sector, the mainstay of the economy. The country should have by now cemented its erstwhile status as the region’s [...]
Law ministry sees no legal hurdle in rasing RIL's D6 gas price
NEW DELHI: The law ministry sees no legal hurdle in raising the price of gas produced from Reliance Industries’ D6 block, but the oil ministry is expected to oppose the move and is focusing its attention on the gas pipeline from Turkmenistan, which the cabinet approved on Thursday. Government sources said the decision would be [...]
Reliance Power Ltd seeks CAG rewrite on Sasan coal gains
NEW DELHI: Reliance Power Ltd (RPL) has requested CAG to drop observations that the company received “undue benefit” from the government’s decision to allow it to make in-house use of surplus coal from captive mines given to fuel Centre’s showcase power projects. CAG’s draft report on the audit of Sasan and Tilayia ultra-mega power projects, [...]
Reliance Power asks CAG to drop 'undue gains' remark
After the government recently reaffirmed its earlier decision to allow Reliance Power Ltd (R-Power) to divert surplus coal from its Sasan project in Madhya Pradesh for a nearby project, the company has asked the Comptroller and Auditor General (CAG) to drop its observations of “undue benefit” in a draft audit report. The final report is [...]
Reliance Power seeks removal of Sasan reference from CAG draft report
NEW DELHI: Reliance Power has requested CAG to remove from its draft report the observations about utilisation of excess coal from Sasan and Tilaiya projects. Reliance Power’s request comes in the wake of an Empowered Group of Ministers (EGoM) deciding not to review the earlier decision allowing Reliance Power to use excess coal from the [...]
Sensex, Nifty off day's high on weak European markets
The BSE Sensex and NSE Nifty shed somewhat gains in afternoon trade due to fall in L&T, ICICI Bank, ONGC and technology stocks. Weak opening of European markets too added somewhat pressure on the market. However, consistent buying interest in FMCG, metals, select financials and index heavyweight Reliance Industries helped the market. The BSE benchmark rose [...]
