Bangalore News Network
Advertise With BNN
About Us
Bangalore News Network
BNN
Industry & Commerce
Launches
Health
Social Service
Sports
Politics
Fashion & Entertainment
Interviews
Other News
Feedback
Trending News
List All News
Request News Coverage

Reliance Industries to acquire assets of Kemrock Industries

RIL to foray into new materials business
Bangalore | Written by: BNN Team | Updated: 06-09-2017 | Views: 945
TRENDING
Launches - ZEE5 launches 'ZEE5 CLUB' at Rs. 365 per Year
Health - Covid-19 : Hygienic and safe food is the need of the hour
Health - A guide to caring for an epileptic patient

Reliance Industries Ltd. participated in an on-line e-bidding process held recently by Allahabad Bank being leader of the consortium of 11 Banks to sell / dispose off assets of “Kemrock Industries & Exports Limited” of Vadodara (Gujarat) and has been declared as the winner in the said bid.
 
This participation is a part of Reliance’s efforts to enter the Composites business and establish a leadership position in this large and growing market in India. Composites are used in a variety of applications and industries such as renewable energy, mass transportation, infrastructure and a host of other industrial products.
 
The assets will pave the way for Reliance to foray into new materials (Composites and Carbon Fibre) and further strengthen its petrochemicals business portfolio.
 
The Company is in the process of complying with the necessary formalities for acquisition of assets.

COMPANY
About Us
Promoters
Advertise With Us
Careers
Feedback / Contact Us
NEWS SECTIONS
Industry & Commerce
Fashion & Entertainment
Health
Politics
Sports
POLICIES
Copyright Policy
Terms of Use
Privacy Policy
Complaints
CONTACT INFORMATION
Bangalore News Network
General:
info@bangalorenewsnetwork.com
Complaints:
Complaints@bangalorenewsnetwork.com
Send Your Feedback Here
Copyright © 2003 Bangalore News Network.
Software by Probiz IT & ITES