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
see a price of Rs 150 on Reliance Petroleum if the
refining margins continue.
Tulsian told CNBC-TV18, "When the Reliance
public there was a lot of hype and that time it was
that refinery will take about three years time.
be starting the production in December 2008. That
they have hinted. But because of the carnage of
market, this share has also fallen though it got
Rs 100. It did not hold to those levels, on the day
listing it closed at around Rs 85 and that was the
which majority of the investors have been invested
He further added, "If one takes a long term call
refinery is very good. They are setting up a very
refinery of Rs 27000 crore (Rs 270 billion) with
eighty thousand barrels per day. The project cost
refineries is practically half. If there were any
refinery in any part of the world it would cost Rs
crore (Rs 540 billion). The completion time is
against six years. The debt equity ratio is very
"The Reliance Industries will ultimately be having
stake in the company with 29% eventually be held by
Chevron, if they opt to exercise the remaining 24%,
now they are holding 5%and they have the option to
their stake to 29%. Reliance industries will have
Chevron will have 29% with 80% of the promoter's
one will understand the confidence they have. This
is on a Nelson Complex city Index of about 14. That
they will always be having 2-3 dollar extra against
benchmark, the refining margin, which is about USD
This year it is likely to be about USD 9 so once
start the production they will always have better
see a price of atleast Rs 150 plus if the same
margins continuous, with the crude remaining at the
high level of USD 70 plus."
Hindustan Motors launches eco-friendly CNG version of
Lancer. Cedia makes a monsoon debut in electronic media.
Hindustan Motors and Mitsubishi Motors, Japan have
introduced a CNG version of the Mitsubishi Lancer for
The CNG Lancer is a powerful luxurious car. Powered by
reliable 1.5 litre engine with flat torque
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,
been custom developed for Lancer, based on
design of BRC Italy. Kit fitments and mountings are
approved by Hindustan Motors after stringent durability
mileage accumulation tests. The CNG conversion kit and
cylinder design have been approved by Automotive
Association of India (ARAI), Pune.
Superior power and exceptional fuel economy is
with the most comfortable interiors in the CNG Lancer.
Titanium finish cockpit and Italian leather interiors
with rear duct tropicalised air conditioning are just
of the features that make the experience of the CNG
Commenting on the development, Mr. Ravi Santhanam,
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
CNG variant of the Lancer will be greeted with an
response from those customers who look for style,
luxury, economy and eco-friendliness in their vehicles."
Hindustan Motors has also launched a new, exhilarating
seconds TVC for the Mitsubishi Lancer Cedia. A
EVO maneuvering the rough and tricky rally terrain
gradually transforms into an elegant silver car
city roads with equal ease as of the rally car.
"Introducing the Mitsubishi Cedia". "Spirited Products
Speaking about the TVC, Mr. Santhanam, said, "The
commercial will electrify the minds of the target
for the Lancer Cedia. It showcases the powerhouse of
performance as well as the elegance of the car
It will certainly ignite the imagination of the
The TVC will be telecast from this week on prominent
and niche channels such as National Geographic as well.
duration of the campaign will be 8 weeks starting July
2006. A colour print campaign for Cedia is already on
will continue during these eight weeks.