India is top exporter of petroleum products in Asia

Even though the country as a whole imports more oil than what is produced locally, India is now the top petroleum products exporting nation in Asia. India is now the largest petroleum products exporter in Asia, surpassing South Korea. According to the data compiled by oil and metal information provider Platts, India’s gross exports currently…

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…

$85 billion petroleum investment in Andhra Pradesh?

ONGC Ltd has decided to exit the proposed refinery-cum-petrochemicals project at Kakinada in Andhra Pradesh, making way for the GMR Group, which will hold 51% equity in the project that was originally to cost Rs 31,000 crore. The project is part of Andhra Pradesh’s Petroleum Chemical and Petrochemical Investment Region (PCPIR) proposed over 600 square…

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. +++

How a Muslim Billionaire Thrives in Hindu India

“The world’s richest Muslim entrepreneur defies conventional wisdom about Islamic tycoons: He doesn’t hail from the Persian Gulf, he didn’t make his money in petroleum, and he definitely doesn’t wear his faith on his sleeve.” “A native of Mumbai, Azim Premji has tapped India’s abundant engineering talent to transform a family vegetable-oil firm, Wipro Ltd.,…