Reliance Industries’ arm acquires majority stake in Udhaiyams Agro Foods [Crude Oil]
AI Summary1 min read
TL;DR
Reliance Industries' subsidiary has acquired a majority stake in Udhaiyams Agro Foods, expanding its portfolio in the agro-food sector. This move aligns with Reliance's diversified business strategy, which includes hydrocarbons, retail, and renewables.
Tags
RefineriesCrude Oil
Reliance Industries is India’s largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. It became one of the first businesses to manage a fully integrated Oil-to-Chemicals (O2C) portfolio. Its O2C business includes world-class assets comprising refinery, crackers, and downstream assets that are deeply and uniquely integrated, supported by best-in-class logistics and supply chain infrastructure. Its Retail business is the relentless commitment to serve customers at scale while working in close partnership with a broader ecosystem of merchants and producers, small-scale manufacturers, vendors, kirana store owners, and global companies, to create an inclusive growth platform for shared prosperity.