VERIFIEDET Finance·20 Aug 2026neutral

Ambani's Rs 2.7 lakh cr underground bet can save India from shocks

AI Summary

·Reliance Industries has proposed a Rs 2.73 lakh crore investment over 30 years for an underground coal gasification complex in Andhra Pradesh.
·The project aims to convert deep coal into syngas for hydrogen, methanol, ammonia, and synthetic natural gas, reducing India's import dependence.
·Challenges include commercial viability, geological risks, and scaling UCG technology.