The Board of directors of Reliance Industries will be meeting on March 10 to consider and recommend the amalgamation of IPCL with the company.
IPCL FY07 profit estimate is at Rs 1000 crore with cash balance is Rs 1079 crore. The merged entity's net worth is at Rs 50,000 crore. The balance sheet size is at Rs 78,000 crore. RIL stake in IPCL is at 46.64%. They have acquired 26% during divestment in 2002 at Rs 231/share.
IPCL FY07 profit estimate is at Rs 1000 crore with cash balance is Rs 1079 crore. The merged entity's net worth is at Rs 50,000 crore. The balance sheet size is at Rs 78,000 crore. RIL stake in IPCL is at 46.64%. They have acquired 26% during divestment in 2002 at Rs 231/share.
