RIL RPL merger at 1:16

I was thinking that it would be a 1:22 or 1:24 share swap.  That was going to be too much of a loss for me.  1:16 is not bad considering that my average price for RPL is quite ok.  So, over a period of few months the merger will be through and i will be…

World’s biggest petroleum refinery complex opens in Jamnagar

Reliance Industries Ltd’s new refinery in western Gujarat state began processing crude this week, nearly doubling company output and creating the world’s biggest refining complex just as global demand retreats. After reaching full capacity of 580,000 barrels per day (bpd), the $6 billion project, one of the most sophisticated in the world, will make the…

India’s refining hub to be largest in world – Jamnagar

Reliance Industries and Essar Oil , India’s largest private sector oil refiners, are set to create the world’s biggest petroleum refining hub as part of plans to expand their plants in Jamnagar, western India. Essar has announced a $6bn expansion plan to more than triple capacity at its refinery, while Reliance, at its site a…

Reliance Petroleum shares bought

Just what i was waiting for. A dip in the market and i picked up some more of Reliance Petroleum and Praj Industries‘ shares. Am hoping for some more correction so as to continue my cherry picking. A picture of Alkylation Plant – Depropaniser ODC being transported to the Reliance Petroleum’s Jamnagar factory. +++