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RIL lying about Krishna Godavari Profitability


posted by amittal007 on Monday, March 2nd, 2009


I think the RIL RPL merger is going to boomerang on the poor sods. Unlike ADA Reliance, they are pretty much beginners when it comes to Financial Management. Also they are not going to be profitable in 2010 on Krishna Godavari because there 'operational readiness' is mostly a sham, with an additional INR 10000 crores in fines for them on non operational wells and the price going against them in gross margins there calculations of GRMs are also about to crash...I would rather bet on RNRL and Reliance Energy.

posted by amittal007 on Monday, March 2nd, 2009


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