Reliance Industries to expand polyester capacity with Rs 75,000 cr investment

Reliance Industries has earmarked an Rs 75,000 crore investment over a five-year period to expand capacity across its entire polyester and vinyl value chains, along with new materials like Carbon Fiber.

Currently in various stages of implementation, these polyester-related projects are slated for completion in phases by 2026 or 2026-27. This investment is driven by a strategy to maximize Oil-to-Chemicals (O2C) integration, meet the expected exponential growth in demand for polyester and PET both in India and globally, and capture substitution opportunities created by the volatile outlook for cotton.