AHMEDABAD: Equity investors in ReliancePetroleum Limited (RPL) can expect a good return as RPL'srefinery in Jamnagar, which has commenced operation, waslikely to generate a turnover of Rs 22,000 crores during thefirst year. Addressing the eighth annual general meeting of RPL inJamnagar today, its chairman Dhirubhai Ambani said, ``RPL'scurrent investment grade credit ratings and overall creditquality are expected to improve significantly as the projectstarts generating revenues and cash flows+ and added that itcould even benefit debt investors.
He said the compounded annualised return to theinvestors, who participated in RPL's initial public issue, andthe subsequent option offer is 35 per cent.
Ambani said the RPL has achieved a current marketcapitalisation of about Rs 15,000 crores even before theproject's commissioning. Wealth creation and distribution ofsuch magnitude by a capital intensive grassroots project isunique in the Indian context.
Both, reliance petroleum as well as its promoter relianceindustries will be amongst the top five companise in India onall major financial parameters, the RPL chairman added. PTI report.