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Nov. 23 (Bloomberg) -- The dismantling of a 44-year-old German refinery for shipment to India has been delayed by about a year after financial markets tightened and the buyer, Cals Refineries Ltd., couldn’t raise necessary funds.
Bayernoil Raffinerie GmbH’s 90,000 barrel-a-day facility in Ingolstadt should be taken apart fully by the third quarter of 2010, Managing Director Michael Raue said in a phone interview today. Talks with the Indian company have recently advanced, he said, without elaborating.
The German refiner, a joint venture of four European oil companies, sold the Ingolstadt facility to cut output as consumption of oil products wanes in its home market. Cals has said demand for refining capacity make buying an existing plant and shipping it to India more practical than building a new one.
“Their funding was mowed down by the financial crisis,” said Raue. “It cost about a year.”
Some parts of the plant have already been disassembled, and scanning with lasers to create a three-dimensional map of the refinery has been conducted, the managing director said. He declined to comment on when the facility could be reassembled at the Cals site in Haldia, India.
Vishal Rastogi, an investor relations spokesman for Cals, didn’t immediately respond to an e-mail seeking comment and a call to his office went unanswered.
Bayernoil is concentrating on two other sites as it expects German oil consumption to sink as efficiency measures mean consumers opt for fuels such as diesel over gasoline. The joint venture has three refineries within about 5 kilometers (3 miles) from the center of Ingolstadt, a town in Bavaria where luxury carmaker Audi AG is based.
Bayernoil uses crude from Africa, Venezuela, Norway and Saudi Arabia. OMV AG of Austria owns 45 percent of Bayernoil, according to the company’s Web site. Agip Ltd. owns 20 percent, Ruhr Oel GmbH 25 percent and BP Plc 10 percent.
Lohrmann International GmbH said last year that it oversaw the sale to Cals and is charged with dismantling and shipping the Ingolstadt refinery.
To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg
...
Bharti airtel near term range could be 180-270....
Posted by :
vikrant.addressPrice when posted : BSE: Rs 275.80 ( -4.48 % ), NSE: Rs. 275.25 ( -4.68 % )
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no you can compare not in prospect to price war but in something different scenario.you have watched that the impact of recession is most in auto sector at that time and no body has said that it will suddenly improve its possition much faster then any other sector.even tata motors was in huge loss then every body told that it will not rise before two yrs or three here but just after 10-111 months you can see the high of tata motors.similarly is here. off course price war is so intensify but every sector has its own type of competition it dosn`t mean that this will impact in long term.i think in our banking sector is too most competitive sector but you can see how companies are managing this....
In reply to:
Bharti airtel near term range could be 180-270....
Posted by : maximindia
The comparision between ICICI aND tatamot to bharti is not proper.There was no price war in icici or T.M.U should compare airlines pricewar with telco price war.Everybody know how all airlines bleeded in price war.Same fate awaits telcos.Raja has to repay to newcomers by way of policy changes in such away that bleed old telcos to benefit newcomers.Portability is one such favour.Newcomers wl snatch customers fm oldies by luring with v.v. low rates.This wl b d biggest jolt to bharti Rcom and idea.Watch d downfall as happened with jet king spicejet etc. 
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sail partly at 65/ only 25%, and 75/ anather 25%, then hold...
In reply to:
My words
Posted by : pallavac
Ok thanks,
can u tell me at what price i should exit this company?
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Yes boss. Given that the scrip has risen to these levels without any publicity, what you say is quite possible. ...
In reply to:
FUNDAMENTALS
Posted by : ChartGuru
So Sirji !!
A new high even today.U willl from now on start getting news of positive developments in WPIL.Wait and Watch.Meanwhile enjoy the price rise.
Regards
Chartguru
The current CMD of PNB was CMD of ALBK
Posted by : chchchPrice when posted : BSE: Rs 139.75 ( 0.18 % ), NSE: Rs. 139.65 ( 0.04 % )
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goldentip, Yes, the present CMD of PNB was the CMD of Allahabad Bank earlier. But, PNB, why for that matter any major nationalised bank, would not like to merge any kolkata-based bank (sorry, if I offend anyone). Why I am saying is that PNB itself had experience many a times in the region. Now, the news (as per UTV) is that Union Bank has made presentation for merger of Corporation Bank with itself. Incase PNB is to go in for merger of another bank, the next fundamentally good bank (after Corporation Bank) is Andhra Bank. Who knows what is the call of the political master? ...
In reply to:
The current CMD of PNB was CMD of ALBK
Posted by :
goldentip
The current CMD of PNB was CMD of Allahabad Bank. As all of you know, the larger PSB`s, PNB, BOB, BOI, UBI and Canara Bank are looking to consolidate, and smaller banks are now in the process of getting identified and merged. Which will give higher valuations to these smaller banks in the interim, and they usually trade at a lower PE and P/BV than their larger peers.
As the CMD of PNB knows Allahabad Bank in and out, we can expect some moves here. The only problem here is, most of the branches of Allahabad Bank are concentrated in the east, many of them in WB. You can expect more HR issues (read: protests against merger, strikes) there in tune with the culture.
On the other hand, merger of banks like Dena Bank, Syndicate Bank and Bank of Maharashtra would be easier given their geographical concentration in the west and south.
Still I`ll continue holding ALBK in the hope that better sense will prevail.
Wait is now Over and Bull Run has started
Posted by : kinchit s mehtaPrice when posted : BSE: Rs 12.55 ( -1.34 % ), NSE: Rs. 12.50 ( -2.34 % )
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hi trade hawk,
yes it will touch that level soon if it is close below 13 for now 3 days........
happy investing.....................
In reply to:
Wait is now Over and Bull Run has started
Posted by : Trade Hawk
Hi kinchit.. where is the next support for this stock? Do you think it will touch Rs.10.85 as per your previous preditction?
Why LyondellBasell is a goldmine for RIL !!!
Posted by : pyaretajPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 3.37 % )
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After bankrupt petchem giant LyondellBasell (LB) confirmed it had received a preliminary non-binding offer from India’s Reliance Industries (RIL) to acquire for cash a controlling interest in the company. CNBC-TV18’s Gautam Broker tracks the deal and analyses how it impacts both companies.
The one thing that catches attention is that LB is not new to RIL. The Dutch giant already is Reliance’s technology partner for poly-propelene and High Density Polyethylene (HDPE).
How RIL, Lyondell stack up
RIL today is the world’s seventh largest producer of polypropelene while LB is its largest producer. Thus, if the deal goes through, RIL would have a global monopoly in polypropelene. LB`s product portfolio also complements that of RIL’s — the former is a large producer of oxy fuels and polyethelene while the latter leads in producing paraxylene, purified terephthalic acid (PTA) and monoethylenglycol (MEG). The Mukesh Ambani company would thus have strength across a diversified portfolio.
The deal would also help RIL consolidate its petro-chemical business. LB has many pet-chem facilities in the Middle East — going on-stream from December — that use ethane as feedstock secured at long-term supply contracts of USD 1.2-1.4 per mmbtu. RIL, on the other hand, uses naptha as feedstock, which is much costlier.
More global presence
RIL would also gain by getting to increase its limited global presence — it currently has trading desks in Singapore, Rotterdam, Dubai but little distribution presence.
Also, RIL would, via the deal, have a manufacturing edge by having several facilities. RIL currently has most of its 14 facilities concentrated in Maharashtra and Gujarat states of India while LB has 50 manufacturing facilities in 19 countries.
RIL can also use some of LB’s sites as storage facilities — something it has been scouting for since long.
RIL had been eyeing Basell (before LB came into existence) since quite some time before it was taken over by Access Industries. Valuation-wise, LB is much bigger and comes much cheaper than in the past and with idle cash and low leverage and debt, RIL is in a good position to move in for the kill.
Other bidders to line up?
Sources say other private equity players such as Apollo and KKR have made offers to LB though they are equity financing proposal to sponsor the company’s rights issue, and not a cash offer like RIL’s.
Even though big by India standards, RIL is not in the same league as US’ Dow Chemicals. Thus, a bid to buy out LB would not invite governments` concerns on creation of a monopoly in the global market.
Also, RIL, which has about USD 12 billion in cash (about the same amount as that of the deal) is not expected to use the entire amount to pick up stake in LB. It is learnt that the deal would have a 40% cash infusion while 60% would be raised via debt.
...
IFCI is GOLD MINE
Posted by :
gupta5223Price when posted : BSE: Rs 49.95 ( -1.19 % ), NSE: Rs. 49.90 ( -1.48 % )
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please note that LIC later on induced ifci to cancel the shares which they converted at 107( and not at 110). and the amount was then reconverted to debentures. ...
In reply to:
IFCI is GOLD MINE
Posted by : Guest
There is some information in treasury circles that Group with interests in Aviation & Mobiles is interested in buying IFCI @ 85-90/share. Remember LIC has converted its options at 110 RS / share before the failed bid 2 years ago. Notice the market wide position reached 78% as of friday. Once the holding reaches 95% may be in the next expiry, the share gets barred from F&O. That is the time the share will rally to 70-80. And you know, when it rallies it will do so in two to three trading sessions with 15-20% raise every day.
180 to 190 near term
Posted by : LEO THE LIONPrice when posted : BSE: Rs 166.20 ( 4.99 % ), NSE: Rs. 166.60 ( 5.01 % )
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remember my words... you will see 500+ for panacea in longterm by 2012....
In reply to:
180 to 190 near term
Posted by : tara23
yes for today :-)
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hi popatpyare..maybe i m a gambler..enjoys russian rouellete..time pass..i dont know but shaukh ki wajah nahi hoti.....
In reply to:
WHAT IS THE FATE OF OSWAL AGRO
Posted by : Popatpyare
Atma hatya ka itna shaukh kyu?
JSW ENERGY ISSUE ON 7/12/2009 ?
Posted by : MOONLIGHTPrice when posted : BSE: Rs 2052.00 ( 1.47 % ), NSE: Rs. 2044.60 ( 1.37 % )
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wsj news that jsw energy issue likely to open on 7/12/2009...
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thanks for your reply n time.
ajaz...
In reply to:
COX & KINGS IPO
Posted by : radhika_nandlal
no clue about cox and kings.
Bharti airtel near term range could be 180-270....
Posted by : maximindiaPrice when posted : BSE: Rs 275.80 ( -4.48 % ), NSE: Rs. 275.25 ( -4.68 % )
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The comparision between ICICI aND tatamot to bharti is not proper.There was no price war in icici or T.M.U should compare airlines pricewar with telco price war.Everybody know how all airlines bleeded in price war.Same fate awaits telcos.Raja has to repay to newcomers by way of policy changes in such away that bleed old telcos to benefit newcomers.Portability is one such favour.Newcomers wl snatch customers fm oldies by luring with v.v. low rates.This wl b d biggest jolt to bharti Rcom and idea.Watch d downfall as happened with jet king spicejet etc....
In reply to:
Bharti airtel near term range could be 180-270....
Posted by : vikrant.address
according to you it is absolutely because the big stock market players also hold the same view.but tell me how u know about this.i think only fall of shares is the only resion thats why u r saying this.but may be u have notice previously that only fall of shares of any company is not represent what industry is thinking about that sector.there is large game playing behind this dear so we can`t understand so easily.
So. only option for us don`t find bottom and invest carefuly in small lots at every down fall from below 280 range.
Heading
Posted by : LEO THE LIONPrice when posted : BSE: Rs 172.30 ( -1.85 % ), NSE: Rs. 172.50 ( -1.68 % )
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half of wockhardt hospitals has been already sold to Fortis group.Wockhardt ltd will not get benfit from this....
In reply to:
Heading
Posted by : tara23
ok that is left for sale still :-)
had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??
Posted by : bhusbhacPrice when posted : BSE: Rs 2195.50 ( 3.31 % ), NSE: Rs. 2194.95 ( 3.37 % )
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Guest - I think you should write to Reliance about how fractions are dealt with. Someone on this board had given the solution.
As such the face value and paid up value of all shares are Rs 10 per share. Company does not have to pay back any amount based on market valauations however there must be another system....
In reply to:
had 375 RPL and now 23 RIL.. no money for rest RPL shares.. ny idea??
Posted by : Guest
any body can guide me on this
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