RELIANCE INDUSTRIES-Growth as a Habit

EPW Research Foundation RELIANCE INDUSTRIES Growth as a Habit AN extensively diversified group with Interests in fibres, polymers, chemicals and textiles, Reliance Industries is a story of integration, both backward and forward. Reliance started small with the manufacture of synthetic textiles at the Naroda plant in 1966. The first step in backward integration was yarn and fibre manufacture. This was followed by manufacture of inputs like purified terephthalic acid (PTA) and mono ethylene glycol (MEG) that go into fibre and yarn, Basic petrochemicals was the next link in the chain of backward integration. Forward integration was achieved by moving into commodity plastics like polyvinyl chloride (PVC), polypropylene and polyethylene, manufactured from the same basic petrochemicals used to make fibre and yarn intermediates.