Reliance Industries (RIL) has reported a seven per cent growth in production volumes in the first quarter of the current fiscal.
The company's output increased to 2.8 million tonne (mt) during the quarter from 2.64 mt in the first quarter of 2000-01, a company statement said.
RIL expects the production volumes to continue to grow over the medium to long term. The growth will be achieved through a mix of low gestation, cost-efficient de-bottlenecking and fresh capacity creation plans, attractive acquisitions and efficiency improvements, the statement said.
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During the first quarter 2001-02, the overall operating rate for RIL's major plants was 103 per cent and operating rate for plastic capacities was 110 per cent. This reflects that strong demand growth continues in the domestic market, the company said.
However, operating rate for polyester units was 95 per cent, while fibre intermediate units operated at 105 per cent capacity during the quarter under review.
RIL's manufactured exports during the quarter were approximately Rs 750 crore. During the quarter, the company's market share in polyester increased to 55 per cent.
Its market share in polymers marginally dipped to 50 per cent. This, the company said, was due to the increase in the utilisation of new capacities that started operations over the last two years.
The overall market share for the fibre intermediates during the first quarter of the current fiscal was 77 per cent.