Mukesh Ambani's Reliance Industries (RIL) has proposed what could become one of India's largest energy and industrial investments -- about Rs 2.73 lakh crore over 30 years to build an integrated underground coal gasification complex in Andhra Pradesh, as reported by ET today.
The proposal comes as India tries to extract more value from its huge coal resource while reducing dependence on imported gas and chemical feedstocks. For Reliance, it is a striking new move into coal resources, although the company is not proposing to become a conventional coal miner.
