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From Kanpur shoemaker to a successful E&P entrepreneur-I: Ajay Kalsi is the man to watch
Sep 24:
Who says small players cannot make money in the E&P business in India?
8No one illustrates this better than Ajay Kalsi, whose claim to fame before he entered the E&P business, was as the manufacturer of Action shoes, a business he inherited from his Kanpur based family.
8Kalsi has made good in a business where more experienced players have failed.
8The evidence of his success comes from the fact that he has posted revenues of $ 41.39 million from its gas sales in the RJ-ON/6 block and an operating profit of whopping $ 30.02 million in 2014-15.
8And there is more to come.
8Kalsi claims that there are huge reserves of gas over and above the discoveries made in the SGL field in the block.
8The best case estimates advanced by Kalsi is that reserves can be as high as 2 TCF of gas.
8The point to note is that the cost of production is low and even at current gas prices, Kalsi makes good money.
Click on our Reports section for more details on what Kalsi has done and is planning to do in his Rajasthan block.
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8No one illustrates this better than Ajay Kalsi, whose claim to fame before he entered the E&P business, was as the manufacturer of Action shoes, a business he inherited from his Kanpur based family.
8Kalsi has made good in a business where more experienced players have failed.
8The evidence of his success comes from the fact that he has posted revenues of $ 41.39 million from its gas sales in the RJ-ON/6 block and an operating profit of whopping $ 30.02 million in 2014-15.
8And there is more to come.
8Kalsi claims that there are huge reserves of gas over and above the discoveries made in the SGL field in the block.
8The best case estimates advanced by Kalsi is that reserves can be as high as 2 TCF of gas.
8The point to note is that the cost of production is low and even at current gas prices, Kalsi makes good money.
Click on our Reports section for more details on what Kalsi has done and is planning to do in his Rajasthan block.
