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Reliance Industries’ arm becomes second-largest customer of Future Consumer

08 Sep 2021 Evaluate

Reliance Industries’ subsidiary -- Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company. In the financial year 2020-21, the retail arm of Reliance Industries has purchased goods worth Rs 157.54 crore from Future Consumer, accounting 26.8 per cent of the total sales of Rs 586.15 crore.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1275.00
Indian Oil Corpn. 135.30
Bharat PetroleumCorp 303.00
HPCL 354.00
MRPL 181.35
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