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The Economic Times

Economy / The Economic Times

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

Reliance Industries has proposed a Rs 2.73 lakh crore, 30-year investment to develop an underground coal gasification complex in Andhra Pradesh. The project could convert deep coal into syngas for hydrogen, methanol, ammonia and synthetic natural gas, helping India reduce dependence on imported LNG and chemical feedstocks. However, commercial viability, geological risks and UCG technology at scale remain major challenges.

20 Aug 2026 2:14 pm