News: Reliance Industries to foray in agri-business
(IRIS 05/04/2006) Mumbai - Mukesh Ambani-controlled Reliance Industries plans to invest over Rs 4,000 crore in north India, especially in Haryana and Punjab, for its ambitious foray in agri-business and agri-retail sector.
The petrochem giant is believed to have tied up more than 900 acres of land in Punjab, just days after it was alloted 28 acres, for building two projects at an investment of Rs 93 crore in Haryana.
RIL`s agri-business plans revolve around forward and backward linkages in the agriculture and food retail sector across the region.
Indicating the mega-scale of the company`s operations, sources said the company plans to build warehouses, cold storage, processing plants, retail and distribution outlets.
Reliance Industries Limited was among the gainers at the exchanges and closed at Rs.839.55 at the BSE, up 0.23 per cent. Combined volumes at the exchanges came to 1,003,962 on Wednesday.
The petrochem giant is believed to have tied up more than 900 acres of land in Punjab, just days after it was alloted 28 acres, for building two projects at an investment of Rs 93 crore in Haryana.
RIL`s agri-business plans revolve around forward and backward linkages in the agriculture and food retail sector across the region.
Indicating the mega-scale of the company`s operations, sources said the company plans to build warehouses, cold storage, processing plants, retail and distribution outlets.
Reliance Industries Limited was among the gainers at the exchanges and closed at Rs.839.55 at the BSE, up 0.23 per cent. Combined volumes at the exchanges came to 1,003,962 on Wednesday.
posted by InCar Group Press Room at 22:15
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