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.
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.
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.
| NIFTY 
