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Investment Opportunities
Aug
18
New Dynamics in Indian Gas Future: RIL-RNRL-NTPC-Petroleum Ministry
Filed Under Capital Markets, Energy, India Business, Indian Government, Infrastructure | Leave a Comment
Given the nature of the multi-billion dollar natural gas resources under dispute, it is interesting, and welcome to have a transparent debate. This is probably the first time that any corporate in India has taken this approach. We appreciate this this bold stance by Anil Ambani, and we welcome the ad by Reliance ADAG Group.
The Times of India has put in well:
The multi-crore campaign accusing the petroleum ministry of favoring RIL (Reliance Industries Ltd) at the cost of navratna NTPC in the now famous gas row, made the ministry defensive on Monday, prodded RIL to give out figures and estimates as explanation, and had ad professionals munching on whether this aggressive form of communication through advertising was a game changer.
The case is scheduled for hearing in the Indian Supreme Court on 1st Sep 2009.
May
21
Reliance Industries Gets Govt Approval For Piped Gas Deal
Filed Under Energy, India Business, Indian Companies | Leave a Comment
Reliance Industries Ltd. (RIL) has received government approval to sign agreements with firms supplying gas to households and car owners in major cities.
RIL got Indian govt approval for the allocation of gas from RIL’s Krishna-Godavari basin to gas distribution firms (CGD) in Delhi as well as Mumbai, Ahmedabad, Gandhinagar, Agra, Indore and Ujjain.
This move is significant for the following reasons.
- The natural gas used in a compressed form or supplied to homes through pipes is a far cheaper alternative than LPG, diesel or petrol. This move by the government will result the distribution firms in the form of adding more consumers and generate more revenue once the gas becomes available.
- The cost of transport for the commuters will drop, who are using buses, taxis and auto rickshaws using CNG. This is expected to benefit RIL in a big way.
- RIL is already selling natural gas to fertilizer and power firms and the addition of CGD firms will help increase its revenue and profitability. [source : Asian Cerc]
