Resumo de Reliance Petroleum Stock And A New Technology In Automobile

Target of Rs 150 on Reliance Petroleum

Investment Advisor, SP Tulsian is of the view that
one

can

see a price of Rs 150 on Reliance Petroleum if the
same

refining margins continue.

Tulsian told CNBC-TV18, "When the Reliance
Petroleum

went

public there was a lot of hype and that time it was

known

that refinery will take about three years time.
They

will

be starting the production in December 2008. That
is

what

they have hinted. But because of the carnage of
this

market, this share has also fallen though it got
listed

at

Rs 100. It did not hold to those levels, on the day
of

listing it closed at around Rs 85 and that was the

price at

which majority of the investors have been invested
in

the

scrip."

He further added, "If one takes a long term call
this

refinery is very good. They are setting up a very
big

refinery of Rs 27000 crore (Rs 270 billion) with
five

lakh

eighty thousand barrels per day. The project cost
of

the

refineries is practically half. If there were any
other

refinery in any part of the world it would cost Rs

54000

crore (Rs 540 billion). The completion time is
three

years

against six years. The debt equity ratio is very
good."

"The Reliance Industries will ultimately be having
51%

stake in the company with 29% eventually be held by

Chevron, if they opt to exercise the remaining 24%,

right

now they are holding 5%and they have the option to

increase

their stake to 29%. Reliance industries will have
51%

and

Chevron will have 29% with 80% of the promoter's

equity,

one will understand the confidence they have. This

refinery

is on a Nelson Complex city Index of about 14. That

means

they will always be having 2-3 dollar extra against
the

benchmark, the refining margin, which is about USD
8-9.

This year it is likely to be about USD 9 so once
they

will

start the production they will always have better

margin. I

see a price of atleast Rs 150 plus if the same
refining

margins continuous, with the crude remaining at the

same

high level of USD 70 plus."

Hindustan Motors launches eco-friendly CNG version of
the

Lancer. Cedia makes a monsoon debut in electronic media.

2006-07-13 19:11

Hindustan Motors and Mitsubishi Motors, Japan have
together

introduced a CNG version of the Mitsubishi Lancer for
the

Indian market.

The CNG Lancer is a powerful luxurious car. Powered by
a

reliable 1.5 litre engine with flat torque
characteristics

that make superior drivability possible even in city

traffic. Clean and pure CNG optimizes the engine's

performance and maximizes its life.

The CNG conversion kit, to be fitted at sale points,
has

been custom developed for Lancer, based on
international

design of BRC Italy. Kit fitments and mountings are

approved by Hindustan Motors after stringent durability
and

mileage accumulation tests. The CNG conversion kit and
the

cylinder design have been approved by Automotive
Research

Association of India (ARAI), Pune.

Superior power and exceptional fuel economy is
complimented

with the most comfortable interiors in the CNG Lancer.

Titanium finish cockpit and Italian leather interiors
along

with rear duct tropicalised air conditioning are just
some

of the features that make the experience of the CNG
Lancer

unforgettable.

Commenting on the development, Mr. Ravi Santhanam,
Managing

Director, Hindustan Motors, said, "Hindustan Motors has

always been on the forefront of introducing environment

friendly vehicles in the Indian market. CNG has been

welcomed as a more economical and greener option and
the

CNG variant of the Lancer will be greeted with an
exclent

response from those customers who look for style,
power,

luxury, economy and eco-friendliness in their vehicles."

Hindustan Motors has also launched a new, exhilarating
20

seconds TVC for the Mitsubishi Lancer Cedia. A
Mitsubishi

EVO maneuvering the rough and tricky rally terrain

gradually transforms into an elegant silver car
cruising on

city roads with equal ease as of the rally car.

"Introducing the Mitsubishi Cedia". "Spirited Products
for

Spirited People".

Speaking about the TVC, Mr. Santhanam, said, "The

commercial will electrify the minds of the target
audience

for the Lancer Cedia. It showcases the powerhouse of

performance as well as the elegance of the car
effectively.

It will certainly ignite the imagination of the
customers."

The TVC will be telecast from this week on prominent
news

and niche channels such as National Geographic as well.
The

duration of the campaign will be 8 weeks starting July
14,

2006. A colour print campaign for Cedia is already on
and

will continue during these eight weeks.

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