$80.2 million goes into Govt kitty as profit petroleum from D6

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Mar 092012
 

In spite of advanced technology, reservoir uncertainties are part and parcel of the industry. P. M. S. PRASAD, EXECUTIVE DIRECTOR, RELIANCE INDUSTRIES LTD While the Government’s loss is only lower profits, the contractor stands to lose his investment. Be it gas pricing or falling output from the country’s largest gas fields, Mr P. M. S. Prasad, Executive Director, Reliance Industries Ltd, is held responsible for all. Once a backroom boy of Mukesh Ambani’s petroleum business, today he is the most sought-after man in the sector. Reliance […]

Reliance’s $1-billion deal spurs dollar bond sales

 Business  Comments Off on Reliance’s $1-billion deal spurs dollar bond sales
Feb 162012
 

Bond sales in dollars by Indian companies are outstripping loans for the first time in five years as banks worldwide lend less in response to Europe’s debt crisis and rising capital requirements. Borrowers have raised almost $1.7 billion in 2012, led by billionaire Mukesh Ambani’s Reliance Industries, which sold $1-billion worth of 10-year notes last week. Companies’ syndicated loans denominated in the US currency totaled $505 million, the least since 2004, according to data compiled by Bloomberg. The last time bonds beat loans at this […]