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Reliance Industries enters into pact with Star Cotspin

27 Apr 2016 Evaluate

Reliance Industries (RIL) which is also into synthetic fibre manufacturing, has entered into a pact with Bhilwara-based Star Cotspin. As per the agreement, RIL’s Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. This yarn will then be sold, cobranded with Recron SHT.

Apart from branding the products, RIL will also provide marketing and technical support to Star Cotspin. RIL and Star Cotspin will jointly conduct research and development work to further enhance Recron SHT sewing thread’s quality, and will also explore new business opportunities.

Reliance Industries has businesses across India, engaged in energy, petrochemicals, textiles, natural resources, retail and telecommunications.



Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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