RIL Proposes Rs 2.7 Lakh Crore Investment For Coal Gasification Complex In Andhra Pradesh
· Business · Economic Times, Moneycontrol
Reliance Industries Limited has proposed an investment of Rs 2.73 lakh crore to establish India's first coal gasification complex in Andhra Pradesh. The massive underground bet aims to convert coal into syngas, providing a cleaner energy alternative to reduce the country's dependence on imported natural gas and crude oil. The project forms part of the conglomerate's broader push toward sustainable energy infrastructure and industrial self-reliance.
Why it matters
The massive investment could significantly bolster India's energy security by curbing import shocks and stabilizing domestic fuel supplies for industrial consumers.
Read the original report — Economic Times
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