RIL and Kıvanç Tekstil join hands to create sustainable fabric
Reliance Industries Ltd (RIL) has joined hands with Turkey's textile behemoth, Kıvanç Tekstil, to manufacture and market R|Elan GreenGold, a sustainable and innovative fabric 2.0, for leading apparel brands and consumers across the world.
Apart from manufacturing and marketing R|Elan GreenGold fabrics, Kıvanç will be the exclusive distributor of Recron GreenGold fibres to spinners, yarn manufactures and knitters across Turkey. The arrangement will enable RIL and Kıvanç to offer the best quality eco-friendly textile solutions to brands and retailers, sourcing their requirements from Turkey, to meet the ever-growing demand of environment-friendly apparels.
The manufacturing expertise of Kıvanç will be further enhanced by the high quality GreenGold fibres, as well as by the support of RIL's technical team.
Kıvanç Tekstil is renowned worldwide for its professional work ethics. It caters to major European and American fashion brands and retailers.
On Monday, the shares of RIL opened at Rs. 1261 as against Friday’s close of Rs.1262.60. At closing hours, the stock was trading at Rs. 1251.90, down 0.85 per cent. Its intra-day high was Rs.1267.70 and intra-day low was Rs. 1248.05 on the BSE. The 52-week high stood at Rs. 1,417 and 52-week low was at Rs. 964.80 on the BSE.