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…

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. +++