This Management has failed in its Previous 2 businesses and almost destroyed the Shareholders wealth. Its much hyped ISP business is dying. It has a tendency to create hype and rigging the shares.
The management is continuously creating the rumor mill of starting the production from last 2 years and finally they are able to make first litre. But they dont have any assured supply of RAW MATERIAL which is jatropha seeds. Farmers are not giving them the raw material as RIL has started moppping up the raw materail produce from the same place.
IOC is thats y not giving them any contract.
Wonder what will IDEA do with this BIODIESEL :)
Edited by anuoasis - 19/Jul/2007 at 1:58am