Financial Results

FY’24 EBITDA At Reliance Industries Soars 16.1% To Rs 178,677 Crore

Textile Insights April 23, 2024

EBITDA at Reliance Industries Ltd soared 16.1 percent year on year to Rs 178,677 crore or US $21.4 billion in fiscal 2023-24 ending March 2024, due to positive contribution from all operating segments. Gross revenue grew slower at 2.6 percent year over year to just over Rs 10 lakh crore or

Corporates

Reliance’s Ajay Sardana Leads ICC Petrochemical Committee

Textile Insights March 24, 2024

The Indian Chamber of Commerce (ICC) has announced Ajay Sardana as the Chairman of the ICC National Expert Committee on Petrochemical Initiatives. With an extensive career spanning over three decades in the industry, Sardana brings a wealth of experience and expertise to this pivotal role. He is currently serving as the President & Head of […]

Apparel, Fashion, Retail

RIL In Talks With Primark For Indian Market Entry

Textile Insights March 3, 2024

Reliance Industries Ltd (RIL) is in initial discussions with British fashion retailer Primark to introduce the brand in India. Primark, known for its affordable clothing and footwear, has been eyeing the Indian market for some time. With over 400 stores globally, Primark is exploring a partnership with Reliance, potentially through a joint venture or licensing […]

Industry

India Plans Setting Up ‘Bharat Park’ In UAE For Secure Trade Facilitation

Textile Insights January 14, 2024

India plans to set up ‘Bharat Park’ in UAE where Indian goods showroom and warehouses will come up. This will facilitate other countries of the world to buy Indian goods from ‘Bharat Park’ as the payment system is secured in UAE, stated Union Minister of Textiles & Commerce Piyush Goyal. He was speaking as Chief […]

Sustainability

Circular Design Challenge Presented By RIL’s R|Elan At COP28

Textile Insights December 27, 2023

The Circular Design Challenge (CDC) presented by R|Elan, a leading advocate for sustainable practice from Reliance Industries made a significant impact at COP28 in Dubai. R|Elan Fabric 2.0 is a next-generation fabric range made from specially engineered fibres and filaments from the product range of Reliance Industries, a visionary in sustainable fashion, CDC aligns with

Corporates

Alok Industries To Raise Rs 3,300 Cr From RIL In NCRPS Deal

Textile Insights November 12, 2023

Textile manufacturer Alok Industries plans to raise Rs 3,300 crore through the issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to its parent company, Reliance Industries Ltd (RIL). This move comes as part of Alok Industries’ ongoing financial strategy. Having been acquired by Reliance Industries and JM Financial ARC in 2019 through the corporate

Financial Results

Q2FY’24 Net Profit At Reliance Industries Shoots Up 29.9%

Textile Insights October 31, 2023

Net profit shot up 29.9 percent in the second fiscal quarter ended September 30, 2023 at Reliance Industries Ltd (RIL). However, gross revenues grew marginally by just 1.2 percent, both over a year ago quarter. In the three months to September 2023, net profit at Mukesh Ambani led RIL surged to Rs 19,878 crore, up […]

Apparel, Fashion, Retail

Fashion Designer Anish Malpani Wins Circular Design Challenge

Textile Insights October 19, 2023

Fashion designer Anish Malpani of ‘Without’ label won the 5th Circular Design Challenge (CDC), India’s biggest sustainability award organised by R|Elan, the next-gen fabric brand of Reliance Industries and held in association with the United Nations. The challenge culminated with a finale show at the UN House during Lakmé Fashion Week in partnership with FDCI. […]

Apparel, Fashion, Retail

Reliance Retail Buys 51% Stake in Alia Bhatt’s Ed-a-Mamma

Textile Insights September 10, 2023

Reliance Retail Ventures Limited (RRVL) has made a strategic move by acquiring a 51% stake in Ed-a-Mamma, a sustainable clothing brand for children and maternity wear founded by Alia Bhatt. This partnership aims to accelerate Ed-a-Mamma’s growth by capitalizing on the synergy between RRVL and the brand. The collaboration signifies a significant commitment to

Corporates

Reliance To Invest Rs 7,000 Crores in Alok Industries

Textile Insights August 14, 2023

Mukesh Ambani led Reliance Industries Ltd (RIL) has plans to invest Rs 7,000 crores in the current fiscal in Alok Industries, a textile manufacturer and which is one of RIL’s subsidiaries. The Rs 7,000 crores investment is part of an Rs 14,000 crores investment, which the biggest Indian corporate company has planned to invest in […]