-49.90 (-3.57%) Reliance Industries (RIL) has entered into a license agreement with Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood, a Natural Fiber Polymer Composite (NFPC), in India.
This compound will be the raw material for the production of sheets & various profiles used in a wide range of wood & plywood replacement applications.
Reliance Industries (RIL) is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.