Alok Industries has raised Rs 7,000 crore from parent organisation Reliance Industries and two lenders, Axis Bank and State Bank of India. The company will utilise the funds for expansion and repaying debt.

The textile manufacturer raised Rs 3,700 crore in the form of term loans and working capital loans from banks, while Reliance Industries infused Rs 3,300 crore in the form of non-convertible cumulative redeemable preference shares (NCCRPS).

The banks have provided non-fund-based limits and working capital loans of Rs 100 crore each. State Bank of India and Axis Bank provided Rs 1,750 crore nine-year term loan each, including two years of moratorium. Effectively, the payment will start from January 2026.

Alok Industries' textile products are also marketed through Reliance Retail's Fashion and Lifestyle segments. The company makes leather goods, other garment items, and textiles, and is active in the spinning sector, prioritising research and product development along with infrastructure.