Reliance ADAG to invest Rs.105 bn in Gujarat

September 13th, 2009 MUMBAI - The Reliance Anil Dhirubhai Ambani Group (R-ADAG) Sunday accused the Mukesh Ambani-headed Reliance Industries of charging an "illegal and unauthorised" marketing margin on sale of gas from the Krishna-Godvari hydrocarbon basin. This, it said, would result in an additional burden of Rs.10,000 crore on the government.

May 1st, 2009 MUMBAI - Investigations are underway into the mysterious death of aircraft technician Bharat Borge, who discovered the plot to sabotage industrialist Anil Ambani's chopper, and police have recorded the statements of several people, including at least two officials of the Reliance Anil Dhirubhai Ambani group (ADAG), an official said Friday. 'Now we shall corroborate these statements with the other statements available with the police and attempt to unravel the actual reasons leading to Borge's suicide or otherwise,' Mumbai Railway Police Commissioner A.K.

April 29th, 2009 MUMBAI - The Maharashtra Police and family of a dead Anil Ambani Group technician traded charges with each other on Wednesday over the way the latter had died. Bharat Borge was found dead on the railway track last evening between Vile Parle and Andheri suburban stations.

April 23rd, 2009 MUMBAI - Reliance Natural Resources Ltd (RNRL), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Thursday reported 1.8 percent growth in its net profit for 2008-09. The company, involved in sourcing, supply and transportation of gas, coal and liquid fuels, posted a net profit of Rs.69.87 crore ($14 billion) for 2008-09, up from Rs.65.59 crore the previous fiscal.

March 14th, 2009 MUMBAI - Reliance Money Express (RME), the cash transfer arm of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday said it will acquire controlling stake in Britain-based money changer No1 Currency. 'While looking for opportunities to widen our services internationally, we found that No1 Currency offered a strong proposition both in terms of synergy and added value,' said RME director and chief executive Sudip Bandyopadhyay.

February 24th, 2009 MUMBAI - Reliance Money, part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Tuesday introduced a new facility that enables investors to trade equities and commodities through mobile phones. The new facility is available across all mobile platforms.

February 11th, 2009 NEW DELHI - The government Thursday handed over the letter of intent for the Tilaiya ultra mega power project (UMPP) to Reliance-Anil Dhirubhai Ambani Group (R-ADAG), being set up at an investment of over Rs.120 billion (Rs.12,000 crore/$2.4 billion). This is the third UMPP awarded to group company Reliance Power, with the other two being at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh.

February 5th, 2009 MUMBAI - After successfully dabbling in movie production and distribution, the Reliance-Anil Dhirubhai Ambani Group (R-ADAG) has now forayed into the movie marketing arena through their new division BIG Boom. BIG Boom is a comprehensive movie and entertainment marketing division of Reliance BIG Entertainment Ltd.

January 22nd, 2009 NEW DELHI - Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday reported 2.7 percent increase in net profit in the quarter ended Dec 31. The company posted Rs.14.1 billion (Rs.1,410 crore) net profit in the quarter as against Rs.13.73 billion a year earlier, an official statement said.

January 14th, 2009 SHIMLA - Himalaya International Ltd (HIL), a Himachal Pradesh-based frozen food manufacturer, will invest Rs.1.4 billion (Rs.140 crore) to set up an export-oriented unit in Gujarat, a company official said Thursday. 'We will invest Rs.140 crore for establishing an export-oriented agro-food processing facility in Gujarat.

January 14th, 2009 AHMEDABAD - Global software giant Microsoft will invest in training teachers in Gujarat and enhance the use of IT in the education sector. Microsoft India Pvt Ltd signed a memorandum of understanding (MoU) with the Gujarat government at the Vibrant Gujarat Global Investors' Summit this week.

January 12th, 2009 AHMEDABAD - The Reliance Anil Dhirubhai Ambani Group (ADAG) Tuesday signed three accords worth Rs.105 billion (Rs.10,500 crore/$2.13 billion) with the Gujarat government as part of its investment commitment to the state. Addressing the Vibrant Gujarat Global Investors' Summit here Tuesday, group chairman Anil Ambani said the investments would be made for building a port jetty in Saurashtra, a major power plant and three cement factories.

January 11th, 2009 NEW DELHI - Singapore-based Universal Success Enterprises Ltd (USEL) Monday said it has signed three agreements with the Gujarat government and will invest about Rs.87,000 crore (Rs.870 billion) in various infrastructure projects. USEL, a diversified group in the field of infrastructure development, real estate, energy trading, hospitality and manufacturing, has identified thermal power generation, seaports, and mixed-use industrial and urban development as focus areas in West Bengal, Gujarat and Maharashtra.

January 7th, 2009 MUMBAI - Reliance Communications (R-Com), the Anil Dhirubhai Ambani Group (ADAG) company that recently launched a GSM mobile service to complement its existing CDMA network, Thursday announced it will provide free video content to subscribers in collaboration with a British company. In a statement, R-Com said the Britain-based value added services (VAS) provider Swanbaymtech will broadcast free content on Reliance handsets in an advertisement-supported model.

December 23rd, 2008 NEW DELHI - Reliance Infrastructure, an Anil Dhirubhai Ambani Group (ADAG) company, is a sole bidder for a Rs.26.76-billion (Rs.2,676-crore) greenfield expressway project in the national capital region, the company said Wednesday. 'The company emerged as the sole bidder for 135 kilometres greenfield Eastern Peripheral Expressway project, covering Haryana, Delhi and Uttar Pradesh on build, operate and transfer (BOT) basis, in spite of two extensions from NHAI (National Highway Authority of India),' it said in a statement.