Ambani MEGA Bungling – Power, KG Basin, Telecom, SEZ
September22, 2018 (C) Ravinder Singh email@example.com
Borrowings of Ambani Brothers exceed Rs.4,50,000 Cr* which is 20% of All The Bank Credit to Indian Industry Large, Small and Medium at about Rs.26,00,000 Cr. [RBI] In spite of such massive BORROWINGS – pay lowest interest rate to Lenders – Practically Nothing as DIVIDEND to Shareholders-Investors. *Fortune500in Page 197.
Yesterday Anil Ambani owned BRPLcut power supply for two hours without notice in 17th year of business. Consumers are frequently subjected toLong SUDDEN Power Cuts becauseBRPL purposely don’t want to improve Quality of Service that let consumers live without Generators & Invertors fearing Trapped in Elevators and Darkness.
BRPL Anil Ambani business acquired in July2002– is WORST MANAGED IN THE WORLD – 40 years old Defective HT Cable has Hundred JOINTS is repaired again and again – Not Laid as per Specifications – a Hired Contractor would reconnect supply in two hours, next day another Contractor will come to LOCATE FAULT – a Third Contractor would come to JOIN the HT Cable by removing about a meter of on either side of Burnt Out Length. Similar procedure is repeated to Burnt Out Circuit Breakers and Even for Burnt Out Domestic Meter – 1000 KVA Transformer is Switched off for Hours – Installed Fast Meters, Fabricated Theft by not FACTORING LOAD FACTOR in normal consumption.
Reliance Power IPO Share Price was Rs.430 in 2006 now is worth only Rs.29.
When Petroleum cost $1 or Rs.6 per barrel, $10 per barrel for a while during Gulf War in 1967 – Polyester Saree just 400gm or 500gm was retailed for Rs.250 to Rs.500 [were so light that Fall, a piece of Cloth was stitched to bottom side to keep it down] and there used to fake number or Made in Japan print.
1999 RIL acquired KG Basin and 28 Oil & Gas blocks and promised to supply all the Oil & Gas India may need for 100 year – after 20 years of Bungling almost nothing is extracted. GOI imposed PENALTIES which RIL didn’t pay and went for Arbitration.
Reliance Infocom [RCOM] entered TELECOM sector through back door in 2002 – acquired CDMA licenses cheaply, failing to attract customers – acquired GSM License too along with International Calling, Satellite TV, WLL, WIFI, Internet, Broadband, Video Conferencing – everything under Telecom sector but failed. RCOM share was at peak in 2007 at Rs.700 but now just Rs.13. – RJIO was introduced in 2016 for License acquired INDIRECTLY in 2010 – It was BROADBAND License but was allowed Telecom Service which it provides free.
Ambani brother acquired Three City Size SEZs in Prime Locations – SEZs acquired LANDS against Farmers Resistance – NO INDUSTRY ACTIVITY VISIBLE. Ambanis were never in Business to Serve Indians.
This is Summary of My Petitions to GOI in last two decades is in Public Interest.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects