Godrej Agrovet Signs ₹960 Crore MoU with MoFPI to Boost Food Processing And R&D

Diversified agri-business firm Godrej Agrovet Limited announced on Friday, September 26, 2025, that it has signed a non-binding memorandum of understanding (MoU) with the Ministry of Food Processing Industries (MoFPI). The agreement marks a proposed investment of ₹960 crore to establish new manufacturing and upstream innovation facilities, including a dedicated research and development centre.

Focus On Food Processing Expansion

The MoU was signed on the sidelines of World Food India 2025 in the presence of Avinash Joshi, IAS, Secretary of MoFPI, and Rakesh Swami, Group President – Corporate Affairs, Godrej Industries Group. The proposed investment will help strengthen Godrej Agrovet’s food processing capabilities by leveraging state-of-the-art technologies and infrastructure.

Investment Spread Across Key States

Godrej Agrovet confirmed that the ₹960 crore investment will be focused on its oil palm and pet food businesses. The expansion will span Andhra Pradesh, Assam, Tripura, Telangana, and Maharashtra, furthering regional development while contributing to the company’s long-term growth strategy.

Commitment To Sustainability and Innovation

Sunil Kataria, CEO and MD of Godrej Agrovet, told CNBC TV18, “The MoU is in line with our long-term strategy of strengthening our agri-food processing and distribution capabilities. By investing in upstream infrastructure and R&D, our aim is to create sustainable value across the supply chain while contributing to the upliftment of the ecosystem. We are grateful for the support from MoFPI and committed to advancing India’s food processing capabilities and agricultural innovation.”

The company said the facilities, expected to be completed by FY27, will also generate significant employment opportunities and enhance skill development in the regions.

Godrej Agrovet Share Price Performance

On September 26, 2025, Godrej Agrovet share price opened at ₹685.60, compared to the previous close of ₹687.70. During the session, the stock touched a high of ₹725.00 and a low of ₹685.60 before closing at ₹714.80, up by 3.94% at the end of the trading day.

The stock recorded a traded volume of 14.49 lakh shares and a traded value of ₹103.18 crore on the NSE. The market capitalisation stood at ₹13,747.64 crore. Over the past 52 weeks, Godrej Agrovet Limited has hit a high of ₹876.35 and a low of ₹654.00. The stock is currently trading at a P/E ratio of 35.73.

Read More: AWL Agri Business Targets ₹9000–10000 Crore Food Turnover

Conclusion

The signing of the MoU with MoFPI represents a major step for Godrej Agrovet in expanding its food processing and innovation footprint. With investments across multiple states and a strong focus on sustainability and R&D, the initiative is expected to boost India’s agri-food sector while delivering long-term value for stakeholders.

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