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LIKELY ORDER OF SUPREME COURT - THE GOVT DETERMINED GAS PRICE WILL BE STRUCK DOWN
Dear Bhusbhac

No idea if u have read my previous or any posts on MMB.

Am not the types who wld argue just for the heck of it or indulge in fightos either.

Gas Agreement between RIL & RNRL is for 17yrs if i heard tht in the news properly is wht i meant; wasn`t referring to GOI`s price thr.

Why did RIL diversify into GAS?

Its a no brainer pal considering tht ever since crude crashed from highs of $147 RIL`s figures have taken a hit too bcos today u wld hv to agree RIL is a pure refinery play (its petrochem or fibre or Rel retail business don`t contribute significantly to the numbers)

GRM`s sink and flow with the movement of crude so u knw hw its been faring and hw lacklusture RIL`s GRM`s have been; they have been lower than the singapore benchmark even and at par with essar oil.

So if refining is i look @ why wld i pay a premium and buy RIL whn i can get similar value in Essar Oil?

GAS is a cleaner fuel and much powerful than crude (rather its an alternative to crude) once production to 80mmscmd is ramped up i guess tht wld be june`2010 thn tht wld contribute significantly to RIL`s numbers.

Wht is Anil Ambani asking?

Just asking RIL to ratify the contract entered in MOU by Mukesh in the presence of KV kamath and Kokila Ben Ambani?

Hwever RIL directors claiming tht gas contract was entered by Mukesh in his personal capacity and the board never ratified it is a Bullshit

Bcos tht means Mukesh himself approves the results of RIL (another Rama Linga Raju and satyam in making) and directors are always sleeping?

IF Mukesh entered into the contract thn ask him to make gud the less profit (which ril wld loose by selling gas to rnrl) in his personal capacity too?

This is a battle of EGO`s rather than gas in reality and a question of Tu bada ya mei bada.

Corruption is thr everywhr in the country and most of the corporates use it as a means to get thr work done & tht can`t be denied.

Cheers

P.s. Mukesh is sitting on a goldmine like RIL and the way he treats his brother is shameless; he never misses a chance to prove to him tht IAM BIG...this is the reason i never like him and my views might be biased towards him and RIL Both		   
Posted By     sumit22gupta

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