RIL to foray into composites & carbon fibre business

The assets of Vadodara, Gujarat based Kemrock Industries will pave the way for Reliance to enter into new materials (composites and carbon fibre) and further strengthen its petrochemicals business portfolio.

RIL’s participation in the bid is a part of its efforts to enter the composites business and establish a leadership position in this large and growing market in India.

Composites are used in a variety of applications and industries such as renewable energy, mass transportation, infrastructure and a host of other industrial products.

RIL is currently in the process of complying with the necessary formalities for acquisition of assets.

RIL is India’s largest private sector company and it stands 106th in the ‘Forbes Global 2000’ rankings for 2017 – the top-most among Indian companies. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services. (RKS)

Fibre2Fashion News Desk – India