RIL share in focus as its subsidiary commits Rs 40000 crore in food processing sector

New Delhi: Reliance Consumer Products, a wholly owned subsidiary of Reliance Industries Limited, and three bottlers of Coca Cola annonced investment worth over Rs 65000 crore in India's bourgeoning food processing sector. The investment to set up facilities was annonuned on the very first day of the World Food India Summit that which is being organised from September 25-28 in the national capital.

The government of India assigned food processing sector as sunrise sector and introduced several schemes like Pradhan Mantri Kisan Sampada Yojana (PMKSY), Pradhan Mantri Formalisation of Food Processing Enterprises (PM-FME) Food Processing Fund to uplift the sector and increase its contribution to the overall GDP of India.

Also Read

Buy rating on RIL shares as Reliance Q1 profit jumps 78% to Rs 26,994 crore

Reliance AGM 2025: Mukesh Ambani launches Reliance Intelligence with Google and Meta AI partnerships

Stock Market: Why Sensex, Nifty declined? Expert explains; Adani stocks shine

Out of Rs 65000 crore investment, Reliance Industries Limited's subsidiary, standalone, has signed a Rs 40,000 crore memorandum of understanding (MoU) with the Ministry of Food Processing Industries to set up integrated food manufacturing facilities nationwide.

The investment will enable the creation of Asia’s biggest integrated food park by RCPL that is set to be powered by AI-driven automation, robotics, and sustainable technologies. RCPL will establish large-scale food and beverage facilities in Katol (Nagpur), Maharashtra, and Kurnool, Andhra Pradesh, with an investment exceeding Rs 1,500 crore. These plants are expected to boost production capacity and generate significant employment.

In this backdrop the shares of Reliance Industries closed at Rs 1377 apiece on the BSE on Friday, September 26. The shares of Reliance Industries have given negative returns of more than 3 percent in the last one month, whereas the yearly returns are pegged at 7 percent in the negative too. The price-to-earnings ratio (P/E ratio) of the company is 22.7. The 52-week high of the stock is 1,551, whereas the 52-week low is 1,115. As of September 27, the market capitalization (M-Cap) of the company stands at Rs 18.64 lakh crore. In just three years, RCPL has grown into one of India’s fastest-expanding FMCG companies, with revenues crossing Rs 11,000 crore.

RCPL has acquired several consumer brands, including Tagz Foods, and launched house brands ranging from soap to cola under names including Campa, Independence, Alan's, Enzo, and Ravalgaon.