Reliance Spinning Mills Reports Record Profit of NPR 1.48 Billion, Expands Domestic and Global Presence

Reliance Spinning Mills, one of Nepal’s leading export industries, reported a total profit of NPR 1.48 billion for the fiscal year 2081/82, an increase of NPR 615 million from the previous year. The company also recorded a notable rise in turnover, reaching NPR 10.23 billion.

Established in 2054 BS, the mill produces cotton, polyester, viscose, acrylic, and textured yarn, supplying domestic and international markets, including India and Turkey. Under CEO Akshay Golyan, the company employs over 4,000 people and has expanded its capacity to 120,824 spindles, gaining recognition for its contribution to the national economy.