Godrej Industries Group to invest over INR 10,000 crore in the state of Telangana

Creamline Dairy Products Limited, a subsidiary of one of India's largest and most diversified agribusinesses, Godrej Agrovet, selling products under the brand name Godrej Jersey, today signed a Memorandum of Understanding (MoU) with the Government of Telangana (GoT) on the sidelines of Telangana Rising Global Summit 2025. The company will invest INR 150 Crore to set up a state-of-the-art dairy processing facility across 40 acres. With this new investment, the Godrej Industries Group's total investment plans in the state now stands at over INR 10,000 Cr across its different businesses.

Almost 73 per cent of Indians consume less than the recommended dosage of protein every day. With dairy products - milk, curd, paneer, and milk-based drinks - being the most natural sources of protein, this investment will enable Godrej Jersey not only to strengthen the state's dairy ecosystem but also to deliver products tailored to the evolving nutritional and protein needs of the consumers.

The MoU was signed in the presence of Sri A. Revanth Reddy, Hon'ble Chief Minister, Shri. Sanjay Kumar, IAS, Special Chief Secretary to the Government Industries & Commerce, Information Technology, Electronics & Communications Department, Government of Telangana; Pirojsha Godrej, Executive Vice Chairperson - Godrej Industries Group; Anand Ramaswamy, Chief Operating Officer, Godrej Jersey and Rakesh Swami, Group President - Corporate Affairs, Godrej Industries Group.

Commenting on the MoU, Shri A. Revanth Reddy, Hon'ble Chief Minister of Telangana said, "Telangana is committed to creating an investor-friendly ecosystem that drives inclusive growth. Our partnership with Godrej Industries Group is a testament of the same. From strengthening agri-food processing capabilities to industrial expansion, these investments will generate employment, strengthen our agro and industrial base and position Telangana as a leading investment destination for business in India."

Pirojsha Godrej, Executive Vice Chairperson, Godrej Industries Group, said," As a group with a strong presence in the state of Telangana, today's MoU reflects a shared commitment to accelerating industrial growth, creating employment, and developing high-impact infrastructure under a collaborative public-private approach. From advancing sustainable oil palm cultivation to growing our presence in urban housing to expanding our dairy footprint and enabling MSME growth via digital-first solutions, our partnership with the Government of Telangana is a step toward shaping an inclusive, innovative and resilient future."

In 2023, Godrej Agrovet had announced an investment of ~INR 300 Crore to set up an Integrated Oil Palm Complex in Khammam district of the state. With a state-of-the-art Crude Palm Oil Mill and an upstream R&D center set to open next year, the complex also has a provision of setting up a refinery in the near future.

Additionally, with quality infrastructure, schools, and lifestyle offerings, making regions in the state highly sought-after for homebuyers, Godrej Properties, part of the Godrej Industries Group, announced its foray into Hyderabad market early this year. With a strong plan of providing citizens with a premium residential offering, Godrej Properties will invest INR 10,000 Crore across four projects.

Sunil Kataria, CEO & MD, Godrej Agrovet Limited, said, "Consumer demand for valueadded dairy products in India and also in the state of Telangana is witnessing a double-digit growth. Driven by urban lifestyles, rising health consciousness, and increasing preference for convenience, addressing the protein deficiency for nutritional needs of consumers is also critical. Dairy is one of the most natural sources of protein, and with our expertise of nearly three decades, Godrej Jersey is committed to leading this transformation. Our MoU with the Government of Telangana is a step towards building a facility that will manufacture best-inclass and innovative protein-rich dairy products to meet the evolving nutritional needs while also generating employment opportunities in the state."

The project is expected to generate over 300 direct employment opportunities over a period of three years.

Rakesh Swami, Group President - Corporate Affairs, Godrej Industries Group, said, "Telangana remains one of India's most dynamic and investment-forward states, driven by its progressive and business-friendly outlook. Our partnership with the Government of Telangana reflects the Godrej Industries Group's commitment to advancing inclusive growth-by empowering MSMEs, supporting women entrepreneurs, strengthening the agricultural ecosystem, and developing high-quality homes for the state's citizens. We look forward to deepening this collaboration and contributing meaningfully to Telangana's continued progress."

Shares of Godrej Industries Limited was last trading in BSE at Rs. 1019.90 as compared to the previous close of Rs. 1012.50. The total number of shares traded during the day was 1486 in over 170 trades.

The stock hit an intraday high of Rs. 1020.70 and intraday low of 1002.05. The net turnover during the day was Rs. 1505580.00.

Source : Equity Bulls

Keywords

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