This also brings the question, why Assam is not a shareholder for Oil India Limited?
Why Assam is not asking the question? Is the situation same in Gujarat?
That is a function of who the owners of OIL are now and what the
buying power of the Assamese is to buy up OIL shares and make it its
own. At least that is how I look at it.
Of course one could argue that if the Assamese don't own OIL it
is their own damn fault, just like it would be if they can't buy up
shares of these IPOs. That must have been Ram's rationale in
announcing the good news. It is good news for India. Thus it ought to
be good news for Assam, after all Assam is a wholly owned subsidiary
of India Inc..If India Inc. does well, it has to mean that its
shareholders' net worth goes up and the employees and the servants get
their bonuses.
Am I being inflammatory here Rajen? :-).
At 7:58 AM -0500 6/7/05, Rajen Barua wrote:
> Assam's oil will enrich shareholders of OIL, while Assam gets stolen blind.
This also brings the question, why Assam is not a shareholder for Oil India Limited?
Why Assam is not asking the question? Is the situation same in Gujarat?
Rajen Barua
----- Original Message -----
From: "Chan Mahanta" <[EMAIL PROTECTED]>
To: "Ram Sarangapani" <[EMAIL PROTECTED]>; "Assam" <[email protected]>
Sent: Monday, June 06, 2005 9:34 PM
Subject: Re: [Assam] Oil India Strikes it rich in Dibrugarh Dist.
> At 6:17 PM -0500 6/6/05, Ram Sarangapani wrote:
> >This is good news indeed, and the fact that OIL is going for its first IPO.
>
>
> *** Is it good news for Assam?
>
>
> Assam's oil will enrich shareholders of OIL, while Assam gets stolen blind.
>
> And that is good news?
>
>
>
>
>
>
>
>
>
>
>
>
> >
> >-----------------
> >
> >OIL strikes it rich in three structures in Assam
> >Guwahati, Jun 06 (UNI) Oil India Limited (OIL) has struck crude
> >petroleum in the three new structures in Dibrugarh district of Upper
> >Assam even as their profit has zoomed up to Rs 1061 crores in the last
> >financial year.
> >
> >According to the director's report, the OIL has struck oil in the
> >three new structures on North Tini Ali, West Zaloni and Samdang-3.
> >
> >The company is upbeat with the new discoveries as they are preparing
> >for the first Initial Public Offering (IPO).
> >
> >The OIL India sources, however, confirmed that they were keeping their
> >finger crossed about the result of the latest round of the New
> >Exploratory Licensing Policy (NELP) bidding for getting license for
> >exploration of the new block.
> >
> >The ONGC, Reliance and Videocon are pupshing ahead for license in new
> >prospective blocks of Upper Assam.
> >
> >The source informed that new discoveries would go a long way to double
> >the gas and crude production in the next five years through initiative
> >like breakthrough performance under taken by the company for
> >organisational transformation.
> >
> >In fact the director's report said the profit after tax was Rs 1061
> >crores as the oil and gas products had registered a seven per cent
> >growth in the last financial year ending March 2005.
> >
> >Increased production of crude oil and natural gas coupled with increse
> >in price resulted in company recording the highest ever total income
> >of Rs 4097 crores.
> > --From Deepikaglobal.com
> >
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