Synopsis: Reliance Industries’ subsidiary Model Economic Township Limited has signed two MoUs with the Haryana Government involving investments worth Rs. 8,646 crore in its Reliance MET City project at Jhajjar. The proposed investments are expected to generate more than 33,250 jobs and strengthen Haryana’s position as a major industrial and manufacturing hub.
Reliance Industries has a total market capitalization of Rs. 17,63,154.47 crore, according to data on the NSE. Reliance Industries shares were trading at Rs. 1302.80 apiece on the National Stock Exchange, down by 0.78 percent; the stock has declined around 3.52 percent over the last five sessions, while it has gone down about 10.95 percent in the 30 days, Whereas on a year-on-year basis it has decreased nearly 8.47 percent, reflecting mixed overall performance. The stock’s 52-week high was Rs. 1161.80 and 52-week low was Rs. 1290.
Model Economic Township Limited (METL), a subsidiary of Reliance Industries Limited, has signed two Memorandums of Understanding (MoUs) with the Government of Haryana for proposed investments worth approximately Rs. 8,646 crore in its Reliance MET City project located in Jhajjar district.
The MoUs were signed during the launch of the Haryana Government’s ‘Make in Haryana Industrial Policy 2026’, which aims to attract large-scale industrial investments and accelerate economic development across the state.
The first MoU was signed by Model Economic Township Limited as part of the state’s broader initiative to attract investments, promote industrial growth, and create employment opportunities within Reliance MET City. The second MoU includes proposed investments from companies that have already acquired plots within the township and are currently in the process of establishing their manufacturing and industrial facilities.
According to the company, the combined investments under these agreements are expected to amount to around Rs. 8,646 crore and generate employment opportunities for more than 33,250 people. The proposed investments span multiple sectors, including automobiles and auto components, electronics, defence manufacturing, medical devices, footwear, and packaging.
The development is significant as it further strengthens Reliance MET City’s position as one of India’s largest integrated smart cities and industrial townships. The project covers approximately 8,250 acres in Jhajjar, Haryana, and has already attracted over 650 companies from 11 countries, including Japan.
A strong pipeline of industrial investments within the township is expected to boost land monetisation, infrastructure utilization, and long-term economic activity in the region. The increasing participation of domestic and international companies also reflects growing confidence in Haryana’s industrial ecosystem and policy framework.
Commenting on the development, Shrivallabh Goyal, CEO and Whole-Time Director of Model Economic Township Limited, stated that Haryana has emerged as one of India’s leading investment destinations and that the Make in Haryana policy provides additional momentum for industrial growth and employment generation in the state.
Reliance Industries Limited is one of India’s largest conglomerates with business interests spanning energy, petrochemicals, retail, telecommunications, digital services, infrastructure, and new energy. Through Reliance MET City, the company is developing an integrated smart industrial township designed to support manufacturing, logistics, and business operations for global and domestic enterprises.
India continues to witness strong industrial investment activity driven by government-led manufacturing initiatives, infrastructure development, and supply-chain diversification. Going forward, industrial land demand, policy support, infrastructure development, and manufacturing investments will remain key factors influencing the growth prospects of industrial township developers such as Reliance MET City.
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