Company updateBusiness Standard
RIL plans 43000 crore investment in Andhra coal gasification
Positive+607 sources
GreyOak summary
Reliance Industries plans to invest approximately ₹43,000 crore over two years in an underground coal gasification project in Andhra Pradesh. The initiative, utilizing two recently awarded coal blocks, is expected to generate 5,000 direct and 35,000 indirect jobs. While the initial phase requires ₹3,000 crore, the total investment potential across three phases through 2030 is estimated at ₹2.73 lakh crore.
What it affects
- Reliance IndustriesRELIANCEPositive +60
Plans ₹43,000 crore investment in coal gasification.Rolling sentiment Positive +48
Source
Read the original at Business StandardMore Reliance Industries news
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