I have rpl of 270..should i hold it or just sell it as a bad debth buy
Reliance Petroleum looking for assets in U.S. and Europe
NEW DELHI: After having established itself as a major player in the petroleum sector in the domestic market, Reliance Petroleum Limited (RPL) has chalked out major plans for major acquisitions abroad during 2008. In addition to this, it is exploring the possibility of making a foray into the retail petroleum sales in Europe and the U.S.
We are looking for major acquisitions abroad. We will do something world scale and these acquisitions could be in the range of $10-15 billion, according to Reliance Petroleums international business head, Atul Chandra.
An indication to this effect has come with the recent spate of acquisition of oil and gas assets by Reliance Industries Limited (RIL), the parent company, in various countries.
RIL was awarded oil and gas contract in the Kurdistan region of Iraq and it signed a production sharing agreement for a deep water offshore b ...more