Thursday, December 25, 2008
It's almost that time of the year again ...
So - whats are your best picks for 2009 ?
For those who visited this site a year back would remember the amazing number of responses and multibaggers that people suggested
We hope to get the same response for Stock Picks for 2009 as well!
Go for it folks - leave a comment on what you think will be the best picks for 2009
Oh yes, we almost forgot, the best comments will be sent to around 5000 members of the DP group
Please leave your 2009 STOCK PICKS in this post and not in the older 2008 post.
Reliance Petroleum on Thursday announced commissioning of its only-for-exports oil refinery in a Special Economic Zone at Jamnagar in Gujarat.
The commissioning of the 580,000 barrels per day (29 million tons a year) capacity refinery by RPL, a unit of Mukesh Ambani-run Reliance Industries, will make Jamnagar the biggest oil refining hub in the world.
"RPL commenced its crude processing on Thursday. The secondary processing units are now under synchronization and commissioning," a company press statement said.
"The entire refinery complex is expected to attain full capacity shortly," it said but did not give a specific date.
The new unit has come up adjacent to Reliance's existing 660,000 bpd (33 million tons a year) mostly-for-exports refinery at Jamnagar.
"RPL refinery has been completed in 36 months from concept to commissioning, which is a new benchmark for building a grass-root refinery of this scale and complexity," the statement said.
Company's Chairman Mukesh Ambani said: "Commissioning this large and complex refinery in record time... yet again demonstrates the strength of our project management skills."
"We, at Reliance, continue to be committed to the long term potential of the refining sector. We will leverage our competitive advantages of scale, complexity and capability to process a wide range of crude oils and flexibility to produce high quality transportation fuels," he said.
RPL, in which the US energy major Chevron Corp hold five per cent stake, will produce petrol and diesel complaint to Euro-IV emission norms.