28 November, 2020

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All is not well at the Anil Ambani group. The 2G scam apart, it’s stop-start with most forays

Photograph: AFP (From Outlookmagazine Dec20, 2010 Issue); Graphic: Tanmoy Chakraborty
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Storms In The Seawind

  • 2G scam: CAG report raises serious questions on RComm’s role; also in the hasty nod for dual tech licences. In both, RComm could be a loser.
  • Swan: Doubts rise about RComm’s exact holding in Swan Telecom while applying for 2G licences; if proved, could face prosecution.
  • Markets: R-ADAG stocks hammered by 6-28 per cent in the past three months, while the Sensex fell by just under 6 per cent. 
  • Gas: After a prolonged fight, Anil loses KG gas case; will have to pay market price and quickly develop power projects to get the gas. 
  • Coal: Radia tapes bring focus on RelInfra being allowed to divert excess coal from its Sasan plant to its other plants. 
  • Infrastructure: Has mega power projects, but will take years to execute. Barring Rosa in UP,nothing much to show on the ground. 
  • ...
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