Mumbai: Reliance Industries Ltd (RIL) has formed a strategic alliance with Bongaigaon Refinery &
Petrochemicals Ltd (BRPL), a subsidiary company of Indian Oil Corporation (IOC).
The agreement following an open tender for a strategic alliance was signed in Mumbai today (November
6), in the presence of B K Gogoi, chairman & managing director of BRPL, and Nikhil R Meswani,
executive director, RIL. The agreement was signed on behalf of BRPL by R M Hazarika, director
(Operations) and by Subodh Sapra, president (Polyester Business), on behalf of RIL.
The alliance covers the petrochemicals facilities of BRPL site at Dhaligaon, Assam, consisting of 34,200
MT per annum of PSF capacity together with 45,000 MT per annum of Dimethyl Terephthalate (DMT)
capacity, which is used as feedstock for PSF production. Under this alliance, RIL will provide technical
and manufacturing support for achieving both full capacity utilisation and quality excellence. In addition,
RIL will be responsible for marketing the entire output.
This strategic alliance will help BRPL to turn around its petrochemical businesses, which have been
closed for the last two years. BRPL will also get instant access to the state-of-the-art technological and
manufacturing skills developed successfully by RIL in the last 20 years of polyester operations.
RIL already sells 450,000 MT per annum of PSF to a vast customer base, both in India and many
overseas markets. With current annual capacity of a million tonnes, RIL is already the world's second-
largest polyester fibre and yarn producer. It markets the output of polyester capacities located at eight
different sites, utilising the world's leading technologies including DuPont, Zimmer, Inventa and Toray.
Reliance will gain additional volumes from this alliance, and will strengthen its market position further. It
will also share the benefits of this alliance on equitable terms.
The polyester users in the remote Northeastern part of the country will benefit from this new strategic
alliance of polyester manufacturing.
