November 14, 2026: Reliance Industries plans to invest about Rs 430 billion ($4.59 billion) in a plant to convert underground coal into gas in Andhra Pradesh, a government document seen by Reuters on Thursday showed.
The two-phase project could eventually attract up to Rs 2.7 trillion in investments and create about 5,000 direct and 35,000 indirect jobs, a draft memorandum of understanding dated November 12 between Reliance and the Andhra Pradesh Economic Development Board showed.
If completed, the facility would be among India’s largest coal gasification projects. State-run NTPC and Adani Enterprises have also applied for similar projects under a government incentive scheme earlier this year.
India is promoting coal gasification to reduce dependence on imported fuels and chemicals.
The Coal Ministry has set a target of achieving annual coal gasification capacity of 100 million tonnes by 2030
(Source: Millennium Post)
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