News Flash

RIL says PFY, PSF & PET production volumes rise to 19% in Q1

27 Jul '05

11 min read

Petrochemicals
Polyester: Reliance is the country's largest manufacturer of PFY, PSF and PET, with a market share of 51%.

RIL's production volumes of PFY, PSF and PET increased by 19% to 279,000 tonnes primarily on account of increased PET production.

Reliance continued its focus on speciality products. 56% of PSF production and 34% of PFY production represented niche products, contributing a premium of up to 50% over commodity prices.

Demand for PFY, PSF and PET, for the period under review, was 438,000 tonnes.

Reliance also continues to be the largest manufacturer of polyester intermediates, PX, PTA and MEG, in the country, with a market share of 76%.

Polymers: Reliance is the largest manufacturer of PP, PE and PVC, in the country, with a market share of 48%.

There was an increased focus on high value premium products, with speciality grades contributing 20% of production, and generating a premium of up to 8% over commodity prices.

RIL operates the world's largest grassroots, multi-feed cracker at its Hazira petrochemicals complex. During the period under review, the Cracker produced 212,000 tonnes of ethylene and 100,000 tonnes of Propylene.

During the quarter under review, Linear Alkyl Benzene (LAB) production was 30,000 tonnes. Reliance has a market share of 27% in LAB.

The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is India's largest business house with total revenues of over Rs 99,000 crore (US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore (US$ 3.6 billion).

The company actives in polymers, chemicals, fiber intermediates, petroleum, textiles and procurement. The Group's activities span exploration and production (E&P) of oil and gas, refining and marketing, petrochemicals (polyester, polymers, and intermediates), textiles, financial services and insurance, power, telecom and infocom initiatives.

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