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Is Reliance creating a Monoploly

Created by : Dayanand Deshpande, Senior Consultant, Ernst & Young  | 09 22 2008 17:46:15 +0000
Industry : Oil & GasFunctional Area : Business Policy(Strategy & Execution)
Keywords : Reliance Creating MUKESH AMBANI Monopoly MONOPLOLY
Activity:  250 views;  last activity : 07 06 2010 20:18:09 +0000
A news item says that Reliance will hold above 40% of India's Oil and Gas supply in the next 18 months and with its ambitious plans to grow further, don't you think Reliance wants to Monopolize this Sector.
  
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Considering the USUAL strategies of Reliance... it looks like they might be trying to have monopoly...

 

but as per current market scenario she has thin chances to do so....

also there are many other BIG players in this area, & oil going deficit in few years is one of the major issues she has to worry...
By Pankaj Mulchandani, Marketing Manager, Falcon MSL  03 29 2009 14:31:13 +0000
 
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This is a general answer NOT supporting (yes) or (no).
Monopoly and diversification are the two extremes of the same issue.
Just position yourself correctly and you will be able to judge whether it is monopoly or not.
By Ahmed Sultan, ITC, Airline Consultant  04 03 2009 18:24:07 +0000
References :
rediff.com: Reliance to supply 40% of India's gas, oil!Sep 22, 2008 ... Indian petrochemicals giant Reliance Industries Ltd will account for about 40 per cent of the country's energy production in the next 18 to ...specials.rediff.com
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yes not only in the oil sector they are creating monopoly but both the brothers with the reliance name are creating monoply in various industries and they are the one's who is having more number of companies than any other in the country...they want to be everywhere and want everything.
By James Masih, Product/Brand Manager, FedEx  | 04 03 2009 10:13:38 +0000
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Yes, Reliance will be the monopoly and it had already started its plan by expanding its production capacity to 1.2 million bpd, which is currently the world's largest production in the world in a single site. And there is no doubt they can solve our energy needs in the future, where our govt based refineries fail to do so.   


By Rajesh Kannaiyan, Design Engineer, SK Corp  | 04 02 2009 09:03:27 +0000
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Well given a chance Reliance would definitely want to do so and if these govt backed companies keep going in losses there will be a time when they need to shut down. In such a case it would be Reliance that will come down and act as a monopolist.
By Padmaja Baskar, Product Development Manager, ONGC  | 09 22 2008 17:50:01 +0000
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Well first of all u should know that any natural Resource belongs to the county (according to Indian Laws and industrial acts) so it is stupid to argue that who is creating monopoly over what….. And if u study the PSC (production Sharing Contract between the Govt. and Reliance Industries limited) u should find out that even though RIL is responsible for Exploration Production and Marketing of the Produce the govt. has major share in the PROFIT GAS % of the share. So people stop worrying about RIL creating any monopoly and be happy that the share is distributed amongst People of India only. Except for the salaries given to various experts and consultants along with rig leased and other leased equipment which believe me cost around minimum 1 million $ a day.  Hope this information is useful if u people are hoping to invest it on ur own have a budget of least 10 bn $ handy for such a venture. Or let us do our job and stop crying wolf. Our illiterate politicians are up for that not us I hope.
By Shivendra Pandey, Engineering Manager, RIL E&P Petrochemicals  | 04 20 2009 05:00:45 +0000
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No with Players like IOC, BP, ONGC, its not possible for Reliance to create monopoly. These companies are working hand of govt. of India and won't cease to exist ever. Also 60% is left and it is quite high.
By Dayanand Deshpande, Senior Consultant, Ernst & Young  | 09 22 2008 17:48:11 +0000
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