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July 27, 2007 17:02 IST
The board of Reliance Industries [Get Quote], country's most valued firm, will meet on Saturday to discuss among other things its retail juggernaut and whether it should continue selling non-vegetarian food items in its outlets.
The board of the energy giant is scheduled to consider the company's first quarter results for this fiscal, but could take up a few other issues pertaining to its retail venture launched last year, informed sources said.
Besides, it may deliberate on its proposed 4 million tons fertiliser plant to be set up at an estimated investment of over $2.5 billion in either Andhra Pradesh or Gujarat.
The fertiliser plant would use gas from its gas field in Krishna Godavari basin as feedstock.
Sources said the proposal to consider whether to sell non-vegetarian items in retail stores comes in the backdrop of recent protests against Reliance Retail and Aditya Birla Group's stores by vegetarian activists and investors from the Jain community.
Reliance Fresh outlets sell meat, poultry and other non-vegetarian items, but in a separate section of the stores.
The Mukesh Ambani-run company, which is investing Rs 25,000 crore (Rs 250 billion) in its retail business, is opening its first hypermarket in Gujarat next month and the board could review the status of the retail business. The company has already launched its fresh food and consumer durables format stores.
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