March10, 2015 (C) Ravinder Singh ravinderinvent@gmail.com
When Reliance Anil Ambani was under Notice to Suspension and Revoke
Licences in Orissa in 2005 and 2006 respectively [Notices dated
13.05.2013 under Section 19(3) of the Electricity Act, 2003] GOI
continued to award new contracts to Reliance Groups and Banks
continued to extend Term Loans and Grant new loans.
“NESCO, WESCO & SOUTHCO – in Case No. 21/2006 dated 27.10.2006 are,
hereby, revoked under Section 19 of the Electricity Act, 2003 with
immediate effect, i.e., from 4th March, 2015.”
http://www.orierc.org/C-55-2013.pdf
People of India have Little or No Equity therefore New Projects &
Licenses since 2005 like UMPP, METRO LINES, Transmission, Highways,
etc were ILLEGAL ENRICHMENT of Ambanis – allegedly diverted Rs.29,000
crores worth Coal illegally for instance – Has Now Acquired Defense
Contracts.
Reliance Infrastructure Ltd Share Holding
Category No. of Shares Percentage
Promoters 127,627,036 48.53
Foreign Institutions 51,426,804 19.55
Financial Institutions 45,195,079 17.19
General Public 27,283,917 10.37
Other Companies 4,046,491 1.54
NBFC and Mutual Funds 1,562,240 0.59
Foreign - NRI 1,386,221 0.53
Central Government 131,572 0.05
Did you probe coal diversion from Sasan, SC asks CBI
The Supreme Court on Monday asked the CBI whether it had investigated
alleged diversion of coal from captive coal blocks allotted to
Reliance ADAG's Sasan ultra mega power project (UMPP) and asked for
its response by April 27.
Citing the SC's September 24 judgment cancelling allocation of 214
coal blocks since 1993, advocate Prashant Bhushan informed the court
that the CAG had estimated that loss from diversion of coal from
captive coal blocks allotted to Sasan UMPP alone stood at Rs 29,000
crore.Bhushan told a bench of Justices Madan B Lokur, Kurian Joseph
and A K Sikri that in the judgment, the SC had held that diversion of
coal from captive mines allotted to power projects was illegal and had
banned any further rerouting.
He said captive blocks were allotted to UMPPs to help project
proponents sell power generated by them at a cheaper price to the
grid. Sasan UMPP was allotted Moher and Moher Amroli Extension blocks.
The SC asked CBI counsel Amarendra Saran whether the agency had probed
this aspect. Saran said the agency had registered three FIRs but was
unable to specify whether these included any against Sasan UMPP.
“Inform us on this. So far, you (the CBI) have not given any probe
status report to us on this,“ the SC said. Bhushan said a probe was
needed against Sasan UMPP as Reliance ADAG officials had met then CBI
director Ranjit Sinha several times at his official residence when the
agency was probing the coal block scam.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
When Reliance Anil Ambani was under Notice to Suspension and Revoke
Licences in Orissa in 2005 and 2006 respectively [Notices dated
13.05.2013 under Section 19(3) of the Electricity Act, 2003] GOI
continued to award new contracts to Reliance Groups and Banks
continued to extend Term Loans and Grant new loans.
“NESCO, WESCO & SOUTHCO – in Case No. 21/2006 dated 27.10.2006 are,
hereby, revoked under Section 19 of the Electricity Act, 2003 with
immediate effect, i.e., from 4th March, 2015.”
http://www.orierc.org/C-55-2013.pdf
People of India have Little or No Equity therefore New Projects &
Licenses since 2005 like UMPP, METRO LINES, Transmission, Highways,
etc were ILLEGAL ENRICHMENT of Ambanis – allegedly diverted Rs.29,000
crores worth Coal illegally for instance – Has Now Acquired Defense
Contracts.
Reliance Infrastructure Ltd Share Holding
Category No. of Shares Percentage
Promoters 127,627,036 48.53
Foreign Institutions 51,426,804 19.55
Financial Institutions 45,195,079 17.19
General Public 27,283,917 10.37
Other Companies 4,046,491 1.54
NBFC and Mutual Funds 1,562,240 0.59
Foreign - NRI 1,386,221 0.53
Central Government 131,572 0.05
Did you probe coal diversion from Sasan, SC asks CBI
The Supreme Court on Monday asked the CBI whether it had investigated
alleged diversion of coal from captive coal blocks allotted to
Reliance ADAG's Sasan ultra mega power project (UMPP) and asked for
its response by April 27.
Citing the SC's September 24 judgment cancelling allocation of 214
coal blocks since 1993, advocate Prashant Bhushan informed the court
that the CAG had estimated that loss from diversion of coal from
captive coal blocks allotted to Sasan UMPP alone stood at Rs 29,000
crore.Bhushan told a bench of Justices Madan B Lokur, Kurian Joseph
and A K Sikri that in the judgment, the SC had held that diversion of
coal from captive mines allotted to power projects was illegal and had
banned any further rerouting.
He said captive blocks were allotted to UMPPs to help project
proponents sell power generated by them at a cheaper price to the
grid. Sasan UMPP was allotted Moher and Moher Amroli Extension blocks.
The SC asked CBI counsel Amarendra Saran whether the agency had probed
this aspect. Saran said the agency had registered three FIRs but was
unable to specify whether these included any against Sasan UMPP.
“Inform us on this. So far, you (the CBI) have not given any probe
status report to us on this,“ the SC said. Bhushan said a probe was
needed against Sasan UMPP as Reliance ADAG officials had met then CBI
director Ranjit Sinha several times at his official residence when the
agency was probing the coal block scam.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, New Delhi-110016, India. Ph; 091- 9718280435, 9650421857
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