Now ADA Group's Chairman Mr. Anil Ambani wants to increase his Group's Market Cap and become No.1 in Indian Market.On the way to it,He announced to launch his most awaited Relince Power's IPO.
Throgh this IPO,He is selling his 11% Equity(worth 11,700 Crore) in Company.By the Records,It is the Biggest IPO of India till that date.Before it,India's biggest IPO was offered by DLF and now DLF is rocking the world.on behalf of it we could say that Company's future is bright.
According to Ambani,Reliance Power is one of the largest devlopers of Power generation capicity in India today.It's Production Capicity over 28,000 MW.This Power is enough to light up at least 10 large cities likes Mumbai.Company have two Prestigious coal-based mega Power projects of around 4,000 MW in MP & Andhra.Company have also two projcts to generate Hydro-elecric Power of 3,300 MW.
As we know,India is one of the largest power deficit markets inthe World,with potencial for future growth.China's present capacity of 622,000 MW is nearly 5 times that of India's 135,000 MW.So India and Anil,Both are witing for Power to light up thier lives.
GOOD BYE!!!! and Keep saying POWER ON.INDIA ON
2007:Year of the "Deal or No Deal"
2007 Review
It was the year of the 'deal or no deal' as the landmark India-US civil nuclear accord took a roller coaster ride while business bloomed and Indians set out to 'conquer' corporate America.
Euphoria over President George W. Bush pushing that "wonderful deal" through a lame duck Congress in its dying moments gave way to despair as the dawn of the New Year will still see negotiators set out to write a 123 agreement to get the deal going.
If India wanted to get into the world nuclear club with its right to conduct a test intact besides uninterrupted fuel supplies and reprocessing rights, the enabling Henry Hyde Act passed by the US Congress would have none of it.
Hopes soared high again when negotiators accomplished "the mission impossible" exactly two years and two days after Prime Minister Manmohan Singh and Bush struck the deal July 18, 2005, to resume their nuclear trade after 30 years.
The accord described as a clear recognition of "a real difference" between India and Pakistan was seen as the culmination of what Secretary of State Condoleezza Rice calls 'de-hyphenation' of the two South Asian neighbours in Washington's worldview.
