How Mukesh Ambani's Loss-Making Private Firm Has Got Public Banks To Restructure Its Loans And Stability?

By M H Ahssan
Group Editor in Chief

Loss-making Reliance Gas Transportation Infrastructure has been the beneficiary of favourable decisions by the government and banks.

A loss-making company controlled by India's richest man, Mukesh Ambani, who heads the country's biggest private corporate entity, Reliance Industries Limited, has successfully managed to reschedule repayments of its loans to banks. Reliance Gas Transportation Infrastructure Limited, the closely-held firm whose shares are not listed on stock exchanges, has a colourful and controverisal past.