There is no need for introduction to Mr. Ambani. He is the richest person in India. As said in the article (and I agree), he is the most famous and powerful private citizen of India.
I really admire the Ambanis. Espesially Dirubhai Ambani. If you look at all the other rich folks in India, including TATA, Birla, etc, etc, all these guys were rich for over five to six generations. They had close ties with the British. Ratan Tata didnt create the Empire. But Ambani has created an empire from nothing. He is richer than all these guys. Ambani story is a really inspirational story. U can ask me, how Mukesh is different from Kumaramangalam Birla. He is different because he was there when his father suffered. He was with his father, even when Dirubhai Ambani was a normal textile business owner in a 10x10 room. That is what makes him different. That is the source for his passion and entrepreneurial spirit.
In the recent Shareholders meet, Mukesh Ambani proudly proclaimed the completion of his mammoth project. Here are few facts.
1. Refinery location - Jamnagar
2. Construction contractor - Bechtel Corporation, America. (Bechtel employed thousands and thousands of engineers to complete the project. Apparently Mukesh Ambani had said to Bechtel that he is not bothered about the cost but bothered only about the schedule. The project engineers worked day and night to complete the project on time. )
3. Refinery stats - World's biggest refinery, with the daily capacity of 1.2 million barrels. The next biggest refinery in US can't produce even half of this one. The refinery is constructed keeping the future in mind. It is widely said that in 20 years, it is impossible to get "pure crude" and so the purification process will take lots of time and resources. Most refineries in the world are not capable of doing that. But this reliance refinery is capable of refining even the worst kind of crude. That is the specialty. In 20 years, there is a fairly good chance that India might become the petro-chemical hub of the world. They have leased 3 oil wells in Gulf and that is going to add a lot more revenue to RPL.
Reliance is planning to construct two more Cracker Units and they are planning to venture into Downstream business in collaboration with Dow Chemicals. If everything goes according to plans, no one can stop Mukesh Ambani. But there is an eminent threat for the refinery. It is close to Pakistan border. He is spending millions and millions of dollars on this. But why construct such a big refinery near Pakistan border? That is one thing i cant understand. Only time has to answer that. But he will break even in two to three years.
This is not the only successful area where Mukesh has invested. We all know about "Reliance Fresh". He is also planning to start a luxury cab service in Mumbai by 2009. I recall an "Economic Times" article that said, in 2015, Mukesh will be running a private government. That day is not too far.
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