It primarily works with building materials, textiles, prefabricated structures, custom molding products, monolithic construction and water storage tanks.
After completing the purchase, RIL now holds 70% of SIL's share control and will manage the company jointly with Assets Care & Reconstruction Enterprise (ACRE).
Despite strong initial showings after the demerger,[4] in June 2019 Sintex Industries was downgraded by CARE Ratings to "issuer non-cooperating" and defaulted on non-convertible debentures from Punjab National Bank.
[19] Another default later that year precipitated a plea by Invesco Asset Management in December 2020 and Sintex Industries entered bankruptcy in April 2021.
[21] Sintex began a campaign called ReviveOurRivers in October 2017 encouraging people to make a pledge to keep rivers clean.