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Q.

Anil Ambani pledges Rs 50,000 crore for Gujarat-----news. Is it really going to happen judging his current performance? Your views?

Asked by Good Citizen, 12 Jan '11 01:10 pm
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Answers (3)

 
1.

Anil Ambani's stars r not favorable and he has suffered all reverses in 2010 . The Supreme Court verdict on the gas dispute with his elder brother went in Mukesh's favour . His bid to reduce the debt burden of his telecom company, Reliance Communications (RCom), by merging its tower business with GTL Infrastructure, fell through. His power projects faced many hurdles. His group companies shares are all faring badly recently .(RCom, Reliance Infrastructure and Reliance Capital have fallen 20-25 per cent compared to sensex which has fallen abt 6-7%). If the situation does not change quickly in 2011 he will be a failure and getting such a huge money will be a problem for him . I have my own doubt .
Answered by sk singh, 12 Jan '11 03:55 pm

 
  
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2.

RIL has liquid funds of about $ US 6.5 Billion. After all, when these investments are made, it would be spread over a period of around 10 years considering the gestation periods for big ticket projects to go onstream from conception to execution and test run. One can see an expansion in their Refinery itself considering the fact that oil demand would rise by leaps and bounds in the next decade world over including India. The last time they spent nearly INR 25000 crore, which if you take inflation index into consideration would be equivalent to US $ 9 Billion today. So, I don't think neither cash flow or credits would be a big problem for them in the years to come, provided they have their corporate plans under tight control with a laid down time schedule.
Answered by Omega, 12 Jan '11 02:13 pm

 
  
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3.

It will be in a phase's ,moreover ambanis have always invested in gujrat,its for their business not for charity work,so he will do it.
Answered by kalidasa, 12 Jan '11 01:11 pm

 
  
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