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Closed gas stations reopened
Posted by :
rvk41
Reliance Industries has reopened 900 gas stations, which were shut down when state firms were selling heavily subsidised fuel, the head
of the firm`s refinery business, P Raghavendran, said.
The company has revived more than half its network of mothballed petrol pumps.
"Mostly these are in western and southern India. Wherever we can operate at PSU (public sector undertaking) prices, we are operating," he told reporters on Tuesday
For information,with regards
rvk41...
Reliance reopens 900 gas stations.
Posted by : pyaretaj
Dear Bhusbac Sir,
I have been posting many RIL news clippings here on this Comments section of RIL and I appreciate seeing the feedback from people to post their views and comments, relating to topcis that go with headlines here.
Above all, I appreciate you replying to each one and sparing your valuable time to discuss issues. With regard to RIL and its adequate moves, coinciding with appropriate timings, I foresee a massive growth expansion of the company in coming years. Events that went by in RIL favor such as:
1. Finding gas in allotted blocks few weeks back.
2. Acquisition news which is hot right now on LB.
3. Today`s news on re-opening of 900 gas stations.
4. R&D claims to pursur SHALE gas.
5. RIL intentions in Education sector by opening University.
6. Their Retail business plans and also having added value to their milk business with 25% extra quantity in milk packets.
7. Their assurance that RIL will become DEBT-FREE company in 21 months Cash flow.
8. Allotment of Bonus shares and Dividend.
9. Their forecast of ranking RIL within the top 3 in the world.
10. Their strong Balance sheet with huge cash surplus to indicate that they have the power to expand rapidly in near future.
With the virtue of becoming the most advanced and highly reputed company in the world, I am a strong contender to always remain a share holder of RIL in coming years. It could be an awakening call to all those who are still pessimistic about RIL and its fundamentals, presently keeping in view the negative attitude towards the gas tussel between the 2 brothers.
I would not reply to every call and comment in this forum, but I shall keep my postings pasted here for all RIL investors and traders, in order to keep all those people updated who have no time to browse through the website news to track RIL developments.
Cheers,
Taj....
Bihar govt issues legal notice to RIL
Posted by : bhusbhac
On the issue of insider trading I feel more or less certain that the stake sale at Rs 2124 at a commission of 2.5% would have an element of insider trading otherwise how could this deal have been confidentally gone through.
So what is insider trading when the company sells its own stock?...
Bihar govt issues legal notice to RIL
Posted by : bhusbhac
The acquisition bid might also signal a much better than expected bottomline in petchem and refining of crude for Q3. If there is any surprise on the upside RIL will be heading for Rs 2,500 and the second tranche of treasury stake sale.
Q4 Might see RIL heading for Rs 3,000 with positive announcement of the acquisition and that will make the cost of acquisition much cheaper in Indian Rupees making it much better than the best estimates.
Be progressive. Be positive. One should NEVER have negative thoughts in their mind....
Reliance reopens 900 gas stations.
Posted by : bhusbhac
pyaretaj - May be connected with getting crude from CAIRN INDIA and also for sale of its KG D6 gas from petrol pumps.
Timing of this and the timing of the acquisition seems to be on the dot.
Anil Ambani was in HSC today showing off his hadsome and honest face. Mukesh Ambani was in the USA with the due diligence being carried out on a war footing.
Certain analysts have calculated that RIL is likely to finalise the deal several months from now. Mukesh has given an estimate that it would be before February, 2009 maybe to throw some competition off the scent. Maybe we will have the positive news much earlier.
Since neither Mukesh nor RIL ever divulges its secrets RIL does surprise more often than not.
The gas dispute has suddenly become a much smaller issue for RIL....
Reliance reopens 900 gas stations.
Posted by : pyaretaj
NEW DELHI: Reliance Industries has reopened 900 gas stations, which were shut down when state firms were selling heavily subsidised fuel, the head
of the firm`s refinery business, P Raghavendran, said.
The company has revived more than half its network of mothballed petrol pumps.
...
Bihar govt issues legal notice to RIL
Posted by : bhusbhac
75% of RPL was held as treasury stocks with RIL. There are some entities involved RIL is indirectly involved. There could be an element of mistake or even deliberate however it seems that the matter is compundable as RIL is not in the business of trading of securities.
Hence the open interest would have been violated slightly.
SEBI has calculated 513 crores. takeaway more than 75% which was revenue neutral and held by RIL under any event. The figure of Rs 2 crores must be an exact calculation.
So the matter under any event is well under 100 crores whatever it may have been.
Hence to make a mountain out of a molehill is quite unjustified and one should not take too radical a view as it may be a first one time offence.
As it seems RIL has admitted to the error and is willing to settle with cash and the appropriate fines.
For rational persons it is better for the market that this matter is settled. However many on this board want to use this piece of information to see that Mukesh Ambani is behind bars and RIL shuts down.
SICK!...
RESISTANCE N SUPPORT LEVEL FOR 25.11.09
Posted by : sankarantpr
RESISTANCE N SUPPORT LEVEL FOR 25.11.09
R1 2183.20 R2 2220.10 R3 2235.20
PIVOT 2183.20
S1 2161.40 S2 2146.30 S3 2124.50...
Avoid reliance above 2000....
Posted by : maximindiaBlock deals means RIL is again in insider game as usual.Sebi has already exposed it in RPL inside trading but going soft since M has backing of govt on all its illegal activities....
Bihar govt issues legal notice to RIL
Posted by : iinvestr2 crore for 531 crore? SEBI has asked for disgorgement of profit made by Reliance and allied entities from trading in RPL. More than a million shareholders have been affected by this. How much each of them get- Rs.20/- each?...
Bihar govt issues legal notice to RIL
Posted by :
ashutoshadesai
remeber what he great saint Kabir said????
` bura dekhan ko gayo.........
muzse bura n koi....`...
Bihar govt issues legal notice to RIL
Posted by : maximindiaIF mukesh dont want to honour his words to his own mother and lone brother how one should expect to honour with a state govt.He wl again bring central govt to make some law and wl say my contract was subject to central govt approval....
Bihar govt issues legal notice to RIL
Posted by : iinvestrThere are many Industrial houses who have established themselves as leaders in the global arena like L.N.Mittal, TATA etc. by fair means and not by fraud and corruption like Reliance. And people held them in high esteem unlike Reliance. Its not a issue of switching to other counters, simple....
had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??
Posted by : subasu
And it has so happened that I have got cash for my fractional shares in EVERY case where I was involved. Examples: HDFC Bank, Reliance Capital (on conversion from Capital Ventures), Reliance Energy (BSES).
I am quite sure that you too will receive 7/16th value of one RIL share. Wait and see, please.
All the best....
Bihar govt issues legal notice to RIL
Posted by : subasu
As per a news item in the Business Line today, Reliance Industries Ltd. are offering to settle the matter of insider trading in RPL shares by agreeing to pay around Rs. 2 crores to those affected by this. SEBI has calculated the gains made by RIL and its group companies as Rs. 531 crores.
(I am invested in RIL through RPL shares and am also a shareholder of ADAG companies.)...
