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Fertiliser, power firms to benefit from KG gas ruling

February 3, 2009 · Filed Under Reliance Industries · Comment 

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Around 20 fertilizer and power companies stand to gain from the Bombay High Court order, allowing Mukesh Ambani-led Reliance Industries to sell gas from the Krishna-Godavari (KG) basin at $4.20 per million British thermal unit (mBtu). The court, however, reserved a final judgment in the case, brought by Anil Ambani-run Reliance Natural Resources (RNRL).
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Reliance Communication board approves transfer of infrastructure assets to Reliance Infratel

February 3, 2009 · Filed Under Reliance Comm, Reliance Power · Comment 

Monday, Reliance Communications Ltd., or RCom India’s foremost and integrated telecommunications service provider and the flagship company of the Reliance Anil Dhirubhai Ambani Group, said its board has approved the scheme of consolidating its infrastructure business, comprising towers and optic fiber assets, to Reliance Infratel Ltd., a subsidiary of the company.
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Haryana Govt enters agreement with Reliance Infra to upgrade roads

February 1, 2009 · Filed Under Reliance Infrastructure · 1 Comment 

Haryana Government has today signed an agreement with Reliance Infrastructure for upgrading the Gurgaon- Faridabad and Ballabgarh- Sohna roads at an estimated cost of around Rs 180 crore.
A spokesman of the Public Works Department said under this project, the road from Gurgaon to Faridabad would be four laned and that from Ballabhgarh to Sohna would be widened to 10 meters.
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Reliance Retail dumps its cash & carry business

February 1, 2009 · Filed Under Reliance Retail · Comment 

Reliance Retail has dumped its cash & carry business, or wholesale trading plans, with the entire operational management headed reliance for an exit. The move to defer cash & carry operations, at least for the time being, is part of the firm’s strategy to conserve cash in a deteriorating market, company sources said.
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Mukesh, Anil should stop fighting - Asks Petroleum Minister

February 1, 2009 · Filed Under Reliance Industries, Reliance Natural Res · Comment 

Petroleum minister Murli Deora on Sunday urged the warring Ambani brothers to stop “fighting”, as it would be good for the country. “I want the (Ambani) brothers to stop fighting.

It will be good for the country. I am happy that the court has lifted ban on KG basin gas
sales. A lot of fertiliser and power plants in the country are idle or operating below capacity for the want of gas,” said Mr Deora, who was in Mumbai to honour the families of the army and police personnel, who lost their lives in the Mumbai terror attacks.
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Reliance Industries regains Rs 2 tn market capitalisation

February 1, 2009 · Filed Under Reliance Industries · Comment 

The country’s 10 most valued firms witnessed an addition of over Rs 66,000 crore in their market capitalisation last week, with Reliance Industries regaining the Rs two trillion valuation turf.

Mukesh Ambani-led Reliance Industries remained the numero-uno in the elite club of 10 most valued firms by adding Rs 27,077 crore to its market capitalisation.
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Anil Ambani group plans to restructure infra and telecom businesses

February 1, 2009 · Filed Under Reliance Comm, Reliance Infrastructure · Comment 

With an aim to unlock shareholder value through possible investment by strategic and financial partners and bring in more transparency, Anil Ambani group is planning a major restructuring exercise for some of its business divisions at its infrastructure and telecom arms.
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Reliance GSM mobile service launched in New Delhi - NCR

February 1, 2009 · Filed Under Reliance Comm · 32 Comments 

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Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Sunday launched its GSM services in the national capital.

The Delhi launch comes after the company successfully started GSM services in 11,000 towns in the country.

“We got the licence for GSM services last year and within 11 months the company has launched the services in almost the entire country,” C.S. Rana, R-Com regional head - Delhi, Haryana and Rajasthan circles, told IANS.

The low-tariff and affordable services are not only appealing to the masses, but also promising better coverage, Rana said.
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