Quote:
|
Originally Posted by SLK Again if Oil companies make loss!!!... how can Reliance's latest IPO be over subscribed by 25 times.
I am sure I am missing something... WHAT? |
Reliance petroleum is export oriented and not for domestic market.
"The new 29-million-tonne (5,80,000 barrels-a-day) refinery will be housed in a special economic zone adjacent to the existing refinery of Reliance Industries and supply exclusively to the export market, specifically the United States and Europe." - Hindu Business Line (09/04/2006)