Reliance Industries of India is preparing to invest around ₹43,000 crore ($4.59 billion) in a groundbreaking two-phase project to build a cutting-edge underground coal gasification facility in Andhra Pradesh, as outlined in a government document reviewed by Reuters.

Currently, Reliance has not responded to enquiries from Reuters for comments.

This ambitious endeavour could attract total investments of up to ₹270,000 crore over its lifespan, generating approximately 5,000 direct jobs and an estimated 35,000 indirect jobs, according to the document.

This initiative aligns with a larger trend of substantial investments in Andhra Pradesh, where Google has committed $15 billion to create an AI hub, and Reliance, along with its joint venture partners, plans to invest $11 billion to enhance data centre capabilities.

Kia, the South Korean automotive giant, has recently unveiled its intention to invest approximately $2 billion in establishing a new manufacturing facility in India.

In a bold move, Reliance is set to implement an innovative underground gasification project in Andhra Pradesh, aiming to convert deep coal reserves into usable gas without the need for traditional mining methods.

The initial phase of this ambitious project will see an investment of around 30 billion rupees, focusing on exploration, geological evaluations, and pilot demonstrations to confirm the project’s technical viability and commercial potential.

The subsequent phase, which will require an estimated investment of about 400 billion rupees, will only commence following the successful completion of the first phase and the acquisition of all necessary regulatory approvals.

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