RIL plans ₹2.73 lakh cr coal gasification project
Reliance Industries Limited (RIL) plans to invest approximately ₹2.73 lakh crore over three phases to develop India's first integrated Underground Coal Gasification (UCG) complex in Andhra Pradesh. The venture, which could create 3,000-5,000 direct jobs and 20,000-35,000 indirect and induced livelihoods, aims to convert deep, uneconomical coal reserves into a sustainable energy source.
The project spans two 3,000-acre and 5,500-acre coal blocks, respectively, with reserves estimated at 3,130.61 million tonnes. The company will begin exploration activities in the current fiscal year, followed by investment phases in development and production. UCG is expected to reduce India's dependence on crude imports, mitigating risks associated with volatile global energy markets.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
