RIL to Invest Rs.3,00,000 Cr 2014-17 But Shares Down 20%
June14, 2015 (C) Ravinder Singh progressindia008@yahoo.com
It is astonishing to read Mekest Ambani invested over Rs.1,00,000 crores on various Unrelated Sectors in just 365 days and plants to invest twice more in next two years or Rs.2,00,000 crore.
When all the Credit Growth to Industry was Rs.1,42,200 Crores – RIL secured FUNDS worth Rs.1,00,000 Crores Plus?
RIL shareholders & Investors DIDN’T Approve of SELF ENRICHMENT by Ambani and not caring for the welfare of Shareholders. A year ago Share Price was 1113.5 which has crashed to 891.5 today or
Sr.No | Sector | Mar. 22, 2013 | Mar.21, 2014 | Mar.20, 2015 |
I | Gross Bank Credit (II + III) | 49642 | 56572 | 61423 |
II | Food Credit | 946 | 912 | 994 |
III | Non-food Credit (1 to 4) | 48696 | 55660 | 60430 |
1 | Agriculture & Allied Activities | 5899 | 6694 | 7700 |
2 | Industry (MSME and Large ) | 22302 | 25229 | 26651 |
2.1 | Micro & Small | 2843 | 3517 | 3835 |
2.2 | Medium | 1247 | 1274 | 1278 |
2.3 | Large | 18211 | 20438 | 21538 |
No permission, No License, No Project Viability Study, No Environment Impact Assessment was Required to locate 100 million tones per year Refining & Petrochem Projects and No Economic Benefit to The Country or Job Creation study was required and Banks didn’t Question the Social Impact both Positive & Negative to People of India.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
