Reliance's Andhra Pradesh massive CBG push could create 3 lakh jobs and ₹60,000 crore in state revenue
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Reliance Industries announced a ₹1 lakh crore investment in Andhra Pradesh to build compressed biogas plants.
- ✓Anant M Ambani said, "Through Reliance's green energy businesses, I see an opportunity to help our Anna Daatas become Urja Daatas." This massive project could create 3 lakh jobs and generate ₹60,000 crore in revenue.
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Reliance Industries executive director Anant M Ambani has announced a ₹1 lakh crore investment in Andhra Pradesh to build compressed biogas (CBG) plants, linking the conglomerate's clean-energy plans with the state's agricultural economy. The projects are expected to create more than 3 lakh jobs and generate nearly ₹60,000 crore in revenue for Andhra Pradesh over the coming decades.
Speaking at the foundation stone-laying ceremony for the Rayalaseema Horticulture Hub and the Indian School of Agriculture in Madanapalle on 2 October, Anant Ambani said Reliance wanted to create a closer link between farmers and the country's energy transition.
"Through Reliance's green energy businesses, I see an opportunity to help our Anna Daatas become Urja Daatas," Ambani said.
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