Reliance plans $4.6 billion coal gasification project in Andhra Pradesh
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Reliance Industries plans to invest $4.59 billion to build an underground coal gasification complex in Andhra Pradesh.
- ✓The project will happen in two phases and could create 40,000 jobs.
- ✓This proposal joins other major investments in the state, as companies like Kia also announced plans to expand there recently.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
India's Reliance Industries plans to invest about ₹43,000 crore ($4.59 billion) in two phases to build an integrated underground coal gasification complex in the southern state of Andhra Pradesh, according to a government document seen by Reuters.
Reliance did not immediately respond to Reuters' request for comment.
The project could eventually attract investments of up to ₹2.7 trillion over its lifetime and generate around 5,000 direct and 35,000 indirect jobs, the document showed.
The proposal adds to a wave of major investments in Andhra Pradesh, where Google has committed $15 billion to build an AI hub and Reliance and its joint venture partners plan to invest $11 billion in data centre capacity.
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