Reliance Industries Adds Ammonium Nitrate to Portfolio

Reliance Industries Ltd shareholders have successfully approved three key resolutions, paving the way for a significant diversification into new business sectors. The approvals, which took place on August 20, 2026, via e-voting, include expanding the company's objects clause to encompass the production and sale of ammonium nitrate, explosives, fertilizers, and agro-chemicals.

This expansion, subject to Registrar of Companies approval, will see Reliance Industries engage in businesses related to ammonia, nitric acid, and various grades of ammonium nitrate and explosives, including civilian, industrial, and defence applications. The scope also extends to fertilizers and agro-chemicals of both synthetic and natural origins.

The approved resolutions also cover material related-party transactions for both Reliance Industries and its subsidiaries. This move signifies a strategic step for the company into new industrial and agricultural markets, with provisions for the sale of these products both domestically and internationally.

As of August 21, 2026, Reliance Industries' shares closed at ₹1,314.00 on the BSE, marking a slight decrease of ₹1.55 or 0.12%.