Reliance Industries Ltd.

Reliance Industries’ wholly owned subsidiary -- Reliance Polyester (formerly known as Reliance Petroleum Retail) has completed acquisition of polyester business of Shubhalakshmi Polyesters (SPL) and Shubhlaxmi Polytex (SPTex). The acquisitions are part of the Company’s strategy to expand its downstream polyester business.

SPL has a continuous polymerisation capacity of around 2,52,000 MT/Annum and manufactures polyester fibre, yarns and textile grade chips through direct polymerisation route as well as extruder spinning with value addition through texturising. It has two manufacturing facilities situated at Dahej (Gujarat) and Silvassa (Dadra and Nagar Haveli). SPTex has a texturized yarn manufacturing facility at Dahej.

Reliance Industries 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.