ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

On the Growth Path

On the Growth Path Hansavivek RELIANCE TEXTILE INDUSTRIES' total investment between 1966 and 1981 amounted to Rs 133 crore and in 1982 alone it made an investment of Rs 133 crore. Now for the next couple of years, it has planned further massive investment which will make it a multi- product and well diversified company and completely change its face. Its several proposals for expansion and diversification are pending with government. It is also seeking permission to undertake manufacture of 20,000 tonnes of acrylic fibre per annum. This fibre, a synthetic substitute for natural wool, has considerable future in the country as production of warm clothing, hosiery and blankets, is growing rapidly. Despite substantial borrowings the company's debt equity ratio is only around 1.8:1 as against permissible norm of 2:1. This ratio is likely to come down further to about 1.2:1 by the end of this year, according to the Chairman, Dhirubhai D Ambani. He has assured shareholders at the annual general meeting that while finalising investment proposals, the company will always keep the investors' best interest in mind as in the past.

To read the full text Login


To know more about our subscription offers Click Here.

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top