Another dream run... The usual for RIL!

IIPM BEST MBA INSTITUTE

Every single avenue explored by Mukesh Ambani has managed to create an impression not just at the bourses but on the country’s flourishing economy as well. With revenues that touch 3% of the nation’s GDP and close to 5% capitalization of the entire market put together, Reliance Industries is today a behemoth born out of Dhirubhai’s dreams and carried forward by Mukesh’s market might. While the IPCL acquisition has made RIL a dominant entity in the petrochemicals domain, it also dominates fibre intermediates, polymers & polyesters. Reliance’s strategy in its oil & gas business has been to vertically integrate in this sector. It has thirty four blocks for exploration awarded under NELP by the government, exploration in countries like East Timor, Oman & Yemen, rights for production & exploration and 30% interest at Tapti & Panna-Mukta fields. RIL’s exploration portfolio got a boost with 18,500 square kilometers being added up from the sedimentary basin in the country. The company also made four fresh discoveries (one at NEC25 and three at the KGD6 block) in the last few months. An analyst at India Infoline points out, “KGD6 will commence operations by H2, FY09 and with huge finds at CBM & NEC, the contribution of E&P segment to both revenue and profits will surge significantly.” Furthermore, reports reveal that the actual gas reserves at the KG basin are around three times the known existing reserves, which means the boost to RIL’s bottomlines will be tremendous. The company is in the process of building pipelines that would market the gases that are explored in the KG basin and an investment of Rs.60 billion has been put in place for the same.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Article, Visit Below....
http://www.fairspirit.com/sonu00/
http://just-look.blogdrive.com/
http://sonu-hh.livejournal.com/
http://sonu501.wordpress.com
http://sonu119.zbloggy.com/
http://dearsonu.wordpress.com/
http://sonu72.tblog.com/post/1969892910
http://surenderlatwal.tripod.com/IIPM-B-SCHOOL/
http://surenderlatwal.tripod.com/IIPM/
http://businessmanagement.jeeran.com/
http://www-management-courses.ebloggy.com/