RIL to adopt quake-hit village

“Our initial estimate is that it would cost us about Rs 15 crore,” he added. RIL operates one of the world’s largest refinery and petrochemicals complex in Jamnagar and Hazira. The company is also one of the biggest investors in Gujarat.

“We have mobilised workers from our infocom and refinery project to go to Anjar. We have already established wireless links between Anjar and Jamnagar. Our corporate helicopters and jets are transporting men and material to the quake site on a regular basis,” Ambani added.

With this, RIL has become India’s first corporate house which has adopted a village and started work on re-construction on a war footing. “We are using the equipment and experince used in our refinery construction to rebuild Anjar,” Ambani said.

Ambani slams privatisation
MUMBAI: Anil Ambani, managing director of Reliance Industries, on Wednesday slammed the Indian government for the slow pace of privatisation and lack of transparency in the entire disinvestment process. “We will not like to waste our precious time, money and energy for studying a company and later the government sells it to another public sector unit, calling it a privatisation,” Ambani said in response to a question about RIL’s plans to pick up government-owned IPCL which was sold off to Indian Oil.

“We think there is a complete lack of transparancy in the entire process. There is no clear thinking and its (disinvestment) is being done in complete piece-meal basis,” he said, adding, “I don’t think we would have been treated this way if we had been a foreign company.”

“In future, we would not like to be tossed around. If there is any value proposition for us and we are sure of fair play, we will look into the companies which fit into our business strategy,” he said, adding, “But we are certainly not looking at companies which are not in our present line of business, say ITDC.”