Reliance industries likely to start its subsidiary RPL on 28th December. As per the target/schedule time (Before December 2008), and repeated assurance of “production ahead of schedule” RIL forced to announce its commissioning date in December 2008 hence the announcement is little more than a formality.
Reliance petroleum (RPL) will start its commercial production and the exports only in next fiscal year i.e., in April 2009 due to the tax reasons and huge demand destruction to crude globally.
All in all, finally RIL starts its commissioning in this week. All the investors desperately waiting for the commercial production date.
With thanks
Be and make
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