Reliance Industries Ltd

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Reliance Industries Ltd is a major Indian conglomerate with diversified businesses including petrochemicals, refining, oil & gas exploration, and retail.

Reliance Industries Ltd. (RIL) is the world’s second largest producer of polyester staple fibre and polyester filament yarn, the third largest producer of paraxylene, the fourth largest producer of purefied terepthalic acid, and the sixth largest polypropylene producer. RIL also operates the world’s largest grassroots, multi-feed cracker at its Hazira petrochemicals complex. The world scale nature of RIL’s operations translates into leading market shares in almost all of its products. Reliance has over 51% share of the polyester market, and over 80% of the polyester intermediates (PX, PTA and MEG) markets in India. Reliance is also the country’s largest polymers producer, with a market share of 52%. Polyester demand in India has grown at compounded double digit rates over the last two decades, but polyester consumption in the country still remains amongst the lowest in the world. Demand growth in PET was as high as 36% last year. In polymers, India is one of the world’s fastest growing markets, and is generally expected to become the third largest market, after the US and China, within this decade. Significant demand growth potential is visualised in a diverse range of user industries, including packaging, telecom, food and beverages, automobiles and consumer durables, to name just a few.

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