Anil Ambani Speech from Reliance Power IPO Press Brief
On behalf of ADAG I welcome all of you witness the announcement of a very very important of a very very young ADAG Group. This group is a creation of the demerger and the restructuring of the group. vision dreams of late father DA As I reflect back roughly 2.5 yrs the ADAG rewarding journey opportunity in June 2005, to be born again as a new group She took great care in ensuring .. such is the love and affection of all mothers and I must acknowledge the role played by my mother..
The reliance group was the vision of one man,it was the dream and it continues..
I had the big fortune to be the part from 1982 and the opportunity to be part of every major capital raising programmes and that was invaluable learning process under the able and living guidance of my late father. The journey began in 70s slogan roti, kapda or maakan father chose kada, started textile vimal. that was the birth of RIL
Then came 2000, roti, kapda, makaan mobile.That was the big rev of telecom in the country
What we see in 2008 is for india roti, kapda, makan, mobile, power it was always vision of my late father to provide high quality low cost services in every area..
financial , entertainment, energy i think we are fully committted in this
ADAG June 2005 the market value of 15000 crores , currently as I stand here in front of you its 32500 crores making us the second largest industry group This is something we have accomplished with the support of over 7 million retail investors and 100s of domestic and foreign investors.
Rs.20 less than issue price for public.
Reliance Power IPO 15 to 18
Part payment option available.
To be listed in the first week of February
60%QIB ,30%Retail (due to regulations.)
16crores - 300crores ADAG grew Last year.
Every listed company of ADAG beat sensex in 2007.
Per Capita Power Consumption 618 units is less than 1/4th of world average.
Installed Capacity CAGR power 4%, China 12%
India 25 yr = china 1 year
GDP 9% end of 10th plan - 07 - energy shortage 14% Generation coal,gas,hydro captive coal - 6states sell power sasan, krishnapatnam power trading uttarkhand arunachal largest domestic sasan december 09- first commision 40% Gas. Bullish on Gas
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