Reliance Spinning Mills Earns 1.48 Billion Profit, Records Significant Growth

Reliance Spinning Mills has announced a profit of 1.48 billion rupees for the fiscal year 2081/82. This profit is an increase of 615 million rupees compared to the previous fiscal year, where the company earned 865 million rupees.

The company’s financial statement, published on Monday, shows significant growth in its business as well. In fiscal year 2081/82, Reliance Spinning Mills generated a business turnover of 10.23 billion rupees, compared to 9.2 billion rupees in 2080/81.

As Nepal's largest spinning industry, Reliance Mills produces cotton, polyester, viscose, acrylic, and textured yarn. Its products are not only consumed within Nepal but are also exported to countries like India and Turkey. The company reports an annual export worth 5 million US dollars.

Under the leadership of entrepreneur Akshay Golyani, the company has successfully established a distinctive identity in both national and international markets. In recognition of this achievement, Golyani was honored with the 'Significant Year Personality' (CIP) award by the Government of Nepal in the last month of the fiscal year.