How Ambanis Loot & Fool India – Exclusive

How Ambanis Loot & Fool India – Exclusive



Yes every one has a right to progress in society and become rich through honesty and industrial skills but no right to cheat people of India & corrupt public institutions.



Anil Ambani put in just Rs.1000 crores in RPL to acquire 93% equity and public contributed Rs.12,000 crores- Market cap was around Rs.120,000 crores. He put in very little money to acquire over 35,000 MW projects.



In MP he first bid Rs.1.19 per unit for Sasan UMPP of 4,000 MW and with it got three Coal Blocks with Rs.1,60,000 crores worth of 800 Million Tones of proven coal reserves. Soon he bid Rs.2.45 per unit for home state MP. Mind you MP is BJP state. How much money went into BJP and Congress is left to your imagination.



Obviously one coal block of 300 million tones was sufficient for a Sasan.



Original bids were won by LANCO of Andhra Pradesh but manipulated to re-bid for Sasan.



He wanted to sell coal to fund his projects free – in just three months he managed to get highest level Changes in the Original Terms of Contract to sell coal. So project will be funded by Sale of Coal almost free.



Anil Ambani was to commission 10,000 MW at Dadri in 2006. Mukesh Ambani got Krishna Godavri Basin for almost nothing is hoarding on to gas worth say $20b and wants to sell if for say $100b.



His father petrol pump cleaner in Yemen manipulated garment trade and set put textile mill.



The cloth that cost Rs.25 per meter to Reliance was retailed for Rs.75 to Rs.300 per meter. Cost of petroleum raw material was Rs.1 per kg. Value of cloth retailed by weight would come to Rs.750 per kg. Almost the entire business was controlled by Dhiru through benami companies that in turn bought most of share with public which now stand in the name of Ambanis.



When Bharti paid thousands of crores to get GSM Mobile licenses, Ambanis opted for local area licenses that cost almost nothing but provided handsets instead.



He set up telephone exchanges that distributed international calls as locals causing BSNL and MTNL losses of thousands of crores was not summoned a single time and let of with Rs.100 crore fine when he ought to have spent rest of his life along with Mukesh and Koki who were major shareholders and conspirators.



He paid Rs.300 crores for Distribution licenses in Delhi with land worth over Rs.50,000 crores. He engaged goondas, corrupted judiciary and exported each domestic consumer Rs.1 lakh to Rs.5,00,000 lakhs through fabricated cases. He imported Chinese meters at Rs.2900 crores and rigged meters to run fast.



This is the kind of hard work required.



Ravinder Singh

August23, 2008



Posted by: "arun kumar" nagpurrocks@ yahoo.com

Fri Aug 22, 2008 4:27 am (PDT)



Hi Abhijit,


I still think that everyone has the right to strive and grow and progress in the society.. Everyone has the right to earn and save and earn more. What if one day i become as rich as an Ambani. All because of my hard work. What if that happens? Will you start hating me also as a capitalist? Even if I worked hard or just got lucky to get that rich! In either cases. Have i done anything wrong. If i pay all my taxes, but still plan to get richer. Is that a problem to you?


I am sure your reply will be that ,, Ok, u got rich, now make others rich. or . . .support the unsupported .. or do something for our country. thats all Ok. These are ones virtues. But, is not doing this a crime? do u have the right to hate me for not doing that ?



UMPPs may get nod to sell surplus coal
22 Aug, 2008, 0118 hrs IST,

Subhash Narayan & Rajeev Jayaswal, ET Bureau



NEW DELHI: In what could be the first step towards de-regulating the coal sector, the government is planning to allow captive mines of power companies to transfer surplus coal to other power projects. This will be the first instance when a coal mining company would be allowed to sell coal directly to end-users like power companies. This is being seen as a major policy step to free the controlled coal sector, which has largely been dominated by public sector companies.

While a special exception is initially being made for ultra mega power projects (UMPPs), the policy will eventually pave way for the diversion of surplus coal from captive mines of other power projects, too. The `surplus’ will be sold at a price determined by Coal India Ltd (CIL), which will also be the agency to certify whether a particular captive mine has any surplus coal.

The option to sell suplus coal would be available only to power companies that have won projects through tariff-based bidding process. Once operational, the move would be a major departure from existing policy on captive coal mining that restricts coal usage to the end user. At present, the surplus coal becomes a property of the Central government that then disposes it through CIL. Only in a few cases, the coal ministry gives permission to dispose excess coal on a temporary basis.

Confirming the move on UMPPs, an official said: “The diversion of coal from one project to another would depend whether the block has any surplus or not. The prevailing regulatory regime forbids non-captive use of coal. Therefore, the government may relax the norm.” It is learnt that the power ministry had initially opposed the proposal. ET first broke the story on July 7.

The move to allow sale of surplus coal from captive mines of power projects has been facilitated by a proposal of Reliance Power (RPL) to use excess coal from dedicated coal blocks of Sasan UMPP to fuel its proposed 4000 MW Chitrangi power project in Madhya Pradesh (MP).

The RPL proposal got nod from an empowered group of ministers (E-GoM) that felt that the permission should not be restricted to RPL’s Sasan project but should extend to other power projects with similar needs.

It is understood that guidelines on captive coal mining may be reframed to accommodate the changes. While transfer of surplus coal from captive mines within group companies would be allowed by obtaining a no-objection certificate from the coal ministry, sale outside the group fold would be regulated and allowed only after CIL finalises the price for such sale. Coal sector reforms has been high on the government agenda. While move to permit sale of excess coal was discussed some two years ago, pressure from Left parties and backlash from trade unions prevented the government to move forward.



http://www.livemint .com/2008/ 08/14001508/ Govt-officials- say-no-surplus. html

Govt officials say no surplus coal at R-Adag Sasan blocks



Three blocks have been identified to supply coal for R-Adag’s Sasan UMPP, but firm wants to use any surplus coal for its other project, also in Madhya Pradesh

Utpal Bhaskar



New Delhi: An empowered group of ministers, or eGoM, will meet on Thursday to decide on whether it should permit Reliance-Anil Dhirubhai Ambani Group, or R-Adag, to use surplus coal from captive blocks for one project to power another.

The problem is that the captive blocks have no surplus coal, according to two government officials.



The ministerial group’s definition of “surplus” isn’t known —it could either be the coal left over when the 4,000MW power plant at Sasan in Madhya Pradesh, for which it is meant, is running to capacity, or it could mean the coal left over after use by the plant, irrespective of whether it is operating to capacity or not.



If it is the latter, Reliance Power Ltd, the R-Adag firm developing the Sasan plant, has another 4,000MW power plant at Chitrangi, also in Madhya Pradesh, that can use the surplus coal. A request to allow the firm to do so has been made by the chief minister of Madhya Pradesh to the Prime Minister, according to the minutes of the previous meeting of the ministerial group that has been reviewed by Mint.



The Sasan plant is one of the so-called ultra mega power plants bid out by the Union government, while the Chitrangi plant is being set up in association with the state government. Reliance Power has agreed to sell power generated at Sasan at Rs1.19 a unit, while it plans to sell the power generated at Chitrangi at Rs2.45 a unit.



An R-Adag spokesperson did not respond to questions mailed by Mint.

The meeting of the ministerial group on Thursday may be the first after the government won a crucial trust vote in Parliament on 22 July with support from the Samajwadi Party, or SP. One of the party’s leaders, Amar Singh, is known to be close to R-Adag chairman Anil Ambani.



“We haven’t put any pressure on the UPA (United Progressive Alliance) government to help Reliance supply excess coal from Sasan to other projects,” said Mohan Singh, a SP member of the Lok Sabha.



The ministerial group’s decision does not need to be ratified by the cabinet.



Three captive coal blocks have been identified to supply fuel to the Sasan project (14 million tonnes per annum, or mtpa, for a period of 25 years) and, according to a senior Central Electricity Authority, or CEA, official who did not want to be named, “there is no possibility of any excess coal...”



According to the official, two of the blocks can produce a maximum of 12mtpa of coal, and the third is a very small block. The 12mtpa number was confirmed by a senior coal ministry official who did not wish to be named.



CEA is India’s apex power sector planning body, and the CEA official added that “coal blocks for the UMPPs are captive to the project and cannot be used for other purpose”, a view seconded by Anish De, chief executive officer at Mercados Asia, an energy consulting firm.



“The project developers have been asking for use of surplus coal for the other project. If there is extra coal, it can be given to other projects, provided that power (generated out of the project) is sold on competitive bidding basis,” said power minister Sushil Kumar Shinde, one of the members of the ministerial group.



http://www.projects today.com/ newsr.asp? newsid=22954

RPL to use Sasan coal in other projects


Saturday, August 16, 2008



The empowered group of ministers (eGoM) on 14 August 2008, accepted the request of Reliance Power to use excess coal from the three blocks allotted for its 4,000 MW Sasan project in Madhya Pradesh in another power plant of the Anil Ambani group. The three blocks are Moher, Moher-Amlori extension and Chhatrasal, with a combined estimated reserve of 800 million tpa.



The ministerial group, however, laid down a new condition - that the surplus coal should be used only for electricity generation and the energy so produced be sold at a tariff to be derived through competitive bidding.



Also See:



RPL to commission Sasan UMPP by 2013 (01-Aug-08)



Sasan coal may power Rel Powers' other project too
7 Jul, 2008, 0141 hrs IST,

Subhash Narayan & Rajeev Jayaswal, ET Bureau



NEW DELHI: In a marked departure from existing norms, Reliance Power (RPL) may be allowed to use excess coal from captive coal blocks of Sasan ultra mega power project (UMPP) to fuel its proposed 4000 mw Chitrangi power project in Madhya Pradesh (MP).

The government is considering a proposal to allow Anil Ambani-led RPL to transport the excess coal from the three captive blocks of Sasan to the Chitrangi project. A decision in this regard may be taken at the next meeting of an empowered group of ministers (eGoM) on UMPPs later this month.

Captive coal mines are currently given to specific end users. Any surplus coal generated from such blocks becomes a property of the Central government that then disposes it through its PSU Coal India Ltd (CIL). In a few special cases, however, coal ministry accords permission to for sale of excess coal on a temporary basis.

“The MP government has written to Prime Minister asking him to give special dispensation to RPL allowing use of excess coal from Sasan’s captive blocks for use in the proposed Chitrangi project. The matter has been referred to the e-GoM on UMPPs that has sought more information from the state government before taking a decision,” an official said.

Interestingly, the prime minister-led ministry of coal had allotted the three coal mines (of total 750 million tonnes reserves at Moher, Chattrasal and Moher-Amlori Extension) to Sasan UMPP on the condition that the coal produced from the block would be exclusively used for the project. Even the coal ministry has also informed the eGoM coal allocation (captive blocks) for Sasan has been approved for exclusive use for the UMPP project.

It is understood from official sources that the chief minister of Madhya Pradesh in his letter to the PM has said that as excess coal generated from Sasan’s captive blocks (as per approved mining plan) can be used for other power plants, the same should approved in favour of RPL’s another project at Chitrangi tehsil in the state. The state government had already signed a memorandum of understanding (MoU)with RPL for the 4000 mw project in the vicinity of the Sasan UMPP.

Sources said that while the eGoM considered the case, it has asked MP government to provide it with information on ownership, mode of sale of power and tariff for Chitrangi project before taking a decision. Legal opinion may also be sought as an earlier opinion from Law Ministry suggested that sale of excess coal from captive block as a rule may require amendment to Coal Mines (Nationalisation) Act, 1973.

The present proposal assumes significance as coal is the only major source for conventional power generation after the gas utilisation policy preferred fertiliser sector over power sector. Most of the 78,577 mw new generation capacity in the 11th Plan is slated to be fuelled by coal. It has been said that there could be severe shortage of quality coal in the future and power generation would largely be dependent on imported coal.