NEWS &
VIEWS TODAY
08th, JUNE, 2012
RIL TO INVEST Rs.1 lakh cr IN VARIOUS PROJECTS
SET TO DOUBLE PROFITS ( IN 4-5 YEARS)
GLOBAL INVESTORS MEET (KARNATAKA)2012
TATAs ANNOUNCE A 6 Mn TONNE PLANT IN KARNATAKA
1.
NEWS :RIL is facing a huge downside in its gas
output from KG-D6 fields. Its profits are coming down. But, on the positive
side, RIL has huge cash reserves, which if it invests in the right businesses
can yield huge profits. Now, the question is – is RIL identifying such highly
profitable ventures with reasonable accuracy?
What are its targets ?
RETAIL BUSINESS :
set to expand by 6 times in about 4 years.
SHALE GAS BUSINESS FROM US :
Ten fold increase targeted
KG D6 FIELDS :
Reaching 60million cubic meters per day – on a sustained basis
2 coal bed methane projects
in MP: Output to
begin in 2015, if approvals are received
4G COMMERCIAL ROLL-OUT :
RIL plans to provide end-to-end solutions that will address the complete
Digital Value Chain. We have to watch for the complete Roll-out Plans.
Over Rs.1 Lakh crores
of Investment is planned – to double the profits from current levels in next 5
years. While KG D6 was a disappointment
for RIL, Others
are faring reasonably well. But, which is the next biggest opportunity? Is it 4
G or Retail? We need to wait and watch.
The second point is –
all plans are for the long term – minimum 3-4 years. What is there for
investors in the next 2 quarters? That – unfortunately, is not clear as yet.
2.
GLOBAL INVESTORS MEET (KARNATAKA) 2012 :
TATA steel announced the plan to set up a Rs.30,000 Cr steel Plant (6 million tonne
per annum capacity)in Karnataka, at this
Global Investors meet organized by Karnataka Government. Aditya Birla Group
also announced Rs.7000 cr investment in the state – including a cement plant.
The state is aiming to sign MOUs worth Rs.6. lakh crores at this meet. If
Politics take Back seat, Progress walks in automatically.
Karnataka must ensure that
all the MOUs – will actually see fruition – and for
that, it has to adopt the Modi style of FAST TRACK FUNCTIONING.
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