Mumbai, 15th April 2014: Reliance Industries Limited (RIL) commissioned its new Polyester Filament Yarn (PFY) facility at Silvassa.
The entire production from this facility has been successfully placed in the domestic and international markets.
With the commissioning of this ultra-modern Polyester Filament Yarn Facility, Reliance’s total PFY capacity, including the Malaysian facilities, is in excess of 1.5 MMTPA.
This expansion further strengthens RIL’s position as the world’s largest producer of Polyester Fibre and Yarn.
The new PFY plant at Silvassa is the most automated and one of the most environment- friendly plants globally. It is co-located with RIL’s existing texturizing facility at Silvassa eliminating the packaging and logistics costs. This coupled with integration with PTA will make the Silvassa facility amongst the lowest cost Polyester Filament Yarn producing sites globally.
The commissioning of this facility marks the beginning of the mega petrochemical expansion of Reliance Industries Ltd.
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of INR 371,119 crore (US$ 68.4 billion), cash profit of INR 30,505 crore (US$ 5.6 billion) and net profit of INR 21,003 crore (US$ 3.9 billion) as of March 31, 2013.
RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ and currently ranks 107th in terms of revenues and 128th in terms of profits in 2013. RIL ranks 68th in the Financial Times’ FT Global 500 list of the world’s largest companies. RIL is ranked amongst the ’50 Most Innovative Companies – 2010′ in the World in a survey conducted by the US financial publication – Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest ‘Sustainable Value Creators’ for creating the most shareholder value over the decade in the world.
Reliance Industries Ltd.