Petrochemicals biz achieves record quarterly performance, RIL

22 Jan '11

5 min read

Due to cracker shutdown at Hazira, Nagothane and Gandhar manufacturing sites, the production of Ethylene decreased by 9% to 1.3 million tonnes while the production of propylene decreased by 5% to 0.5 million tonnes as compared to the corresponding period of the previous year. Polymer (PP, PE and PVC) production increased by 3% to 3.1 million tonnes due to incremental PP production from Jamnagar SEZ facility which was partly offset by lower PE production. Refinery propylene production increased by 18% to 1.5 million tonnes primarily due to higher production from SEZ refinery.

During the period, production of fibre intermediates (PX, PTA and MEG) decreased by 2% to 3.4 million tonnes primarily due to planned shutdown of one train in PX Jamnagar and PX plant at Patalganga. Polyester (PFY, PSF and PET) production volumes increased by 3% to 1.3 million tonnes. RIL has maintained its focus on specialty products which accounted for 57% of PSF and 45% of PFY production.

Domestic demand for polyester products increased by 15% during the nine months on account of increased non-apparel applications like home furnishing and technical textiles. Within polyester sector, demand for PET increased by 26% due to increased beverages and bottled water demand during summer season.

Polymer products demand increased by 11% during this period. Within this sector, demand for PP increased by 18% due to strong growth in automobile, cement packaging and other industrial applications.

RIL and the leading Russian petrochemical company SIBUR announced a joint venture for the production of butyl rubber in India. RIL will have a majority stake in the joint venture. The joint venture facility will have an initial capacity of 100,000 tons of butyl rubber at RIL's integrated refining-cum-petrochemical site in Jamnagar, India and is expected to be commissioned by 2013. Estimated investment in the project will be US$ 450 million.

Organized Retail
In the last quarter, Reliance Retail continued to expand presence of its specialty formats, as well as its various joint ventures. Reliance Brands signed an exclusive long-term license agreement with Quiksilver Holding S.à.r.l. a fully owned subsidiary of Quiksilver Inc., the world's leading outdoor sports lifestyle company to launch its core brands “Quiksilver” and “Roxy”.

Reliance Retail has continued to grow its revenues through existing store operations and improve performance against various operational parameters resulting in building a robust platform for growth in the coming years. Currently, Reliance Retail operates over 1,000 stores spanning “Value” and “Specialty” segments; in 14 states and more than 85 cities in India serving over 2.5 million customers every week. Reliance Retail's loyalty program “Reliance One”, has now patronage of more than 6 million customers.

Reliance Industries Limited (RIL)

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