Godrej Agrovet Limited has informed the Exchange regarding a press release dated September 26, 2025, titled "Godrej Agrovet signs MoU with MoFPI to strengthen food processing & innovation".
GODREJAGRO · price
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Godrej Agrovet has signed a non-binding Memorandum of Understanding with the Ministry of Food Processing Industries (MoFPI), Government of India, on the sidelines of World Food India 2025. The company plans to invest approximately INR 960 crore to set up new manufacturing and processing facilities along with an upstream R&D center. The investment will focus on the company's Oil Palm and Pet Food businesses and will span across five states — Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra. The project is expected to be completed by FY2026-27 and is also expected to generate significant regional employment. The MoU was signed in the presence of senior officials from MoFPI and the Godrej Industries Group.
This is a positive development signalling a large committed capex push in core business segments (Oil Palm and Pet Food), backed by government support. Shareholders may view it as a long-term growth catalyst, though execution risk and the non-binding nature of the MoU should be noted.