Anil to float 2 new companies

Anil Ambani on Wednesday announced formation of two new companies, Global Fuel Management Services and Reliance Communication Ventures Ltd, under the Anil Dhirubhai Ambani Enterprises umbrella.

Global Fuel Management Service would manage the gas contract for various power projects of ADAE while Reliance Communication Ventures will be the holding company for all ADAE Infocomm companies, ADAE Chairman Anil Ambani told reporters in Mumbai.