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RIL will hold 37.7 percent equity share capital of Alok Industries

Reliance Industries on Saturday said it has acquired 37.7 per cent stake in textile manufacturer Alok Industries Ltd for ₹250…

4 years ago

Lenders to Alok Industries have rejected a revised offer

In December 2017 quarter, Alok Industries reported a net loss of Rs4, 745 crore. Its total liabilities as on 31…

6 years ago

Alok Industries to be bought by RIL-JM Financials ARC

JM Financial Asset Reconstruction Company has emerged as the sole bidder for Alok Industries.Alok Industries has received claims of Rs…

6 years ago

Nextt marketing arm of Alok Industries gets patent for weaving process

Dallas company Nextt, the marketing arm of Mumbai, India-based Alok Industries has received patent for a weaving process that combines…

9 years ago

Alok Industries textile major focus to sell all its non-core assets

Alok Industries, textile major is in view of raising Rs 2,000 crore by selling its UK retail chain, Store 21,…

9 years ago

Reliance Industries eyeing to buy part of textile unit of Alok

Reliance Industries showing interest in part or all of the unit of Alok and discussions are on with the company…

6 years ago

Indorama Ventures Public Co. Ltd and Loop Industries Inc. announces a joint venture to manufacture sustainable polyester resin

Daniel Solomita, founder and CEO of Loop Industries said that, “We are excited to launch this partnership with Indorama Ventures,…

6 years ago

Nextt plans to participate in Make in India initiative

Nextt, US-based home textile company has decided to participate in the 'Make in India' initiative by launching its products in…

9 years ago

GHCL plans to solidify its presence in domestic market

GHCL, Home furnishings major plans to solidify its presence in the domestic home furnishing market by capacity addition. GHCL plans…

7 years ago

Union textile ministry to boost textile sector considering interest subvention

The high cost of finance has been a major barrier for growth of the textiles sector, in a bid to…

8 years ago