Reliance Industries Plans ₹43,000 Crore Coal Gasification Project In Andhra Pradesh, 40,000 Jobs On Horizon
Mumbai: Reliance Industries Limited (RIL), led by billionaire Mukesh Ambani, is planning a major investment of approximately ₹43,000 crore in an underground coal gasification project in Andhra Pradesh, marking another significant industrial development in the state. According to a Reuters report citing a draft memorandum of understanding (MoU) dated November 12, the proposed project could…
Reliance Industries Limited, under the leadership of billionaire Mukesh Ambani, is planning to invest approximately ₹43,000 crore in a coal gasification project in Andhra Pradesh, according to a Reuters report. The ambitious project, proposed with Andhra Pradesh Economic Development Board, could attract investments of up to ₹2.7 lakh crore and generate around 40,000 job opportunities.
The project will be developed in two phases. Initial investments of ₹3,000 crore will be spent on exploration, geological assessments, and pilot demonstrations in the first phase for evaluating the project's commercial viability. The second phase, which would begin after successful trials and necessary government clearances, entails an investment of ₹40,000 crore.
An estimated 5,000 direct jobs and 35,000 indirect employment opportunities could be created by the project. Reliance has not yet publicly commented on the proposed investment. Coal gasification, a process that converts coal into usable gas without conventional mining, could provide an alternative source of industrial fuel and chemical feedstock for India.
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