19 hours Ago By Samannay Biswas
Reliance Industries Limited (RIL), India’s largest private-sector company, has announced a significant investment in sustainable energy with its Rs 65,000 crore Compressed Bio-Gas (CBG) project in Andhra Pradesh. The initiative aims to set up 500 CBG plants across the state, with the first facility’s foundation stone laid in Kanigiri, Prakasam district, by state IT & Electronics Minister Nara Lokesh on Wednesday. The large-scale project is expected to generate 40 lakh tonnes of clean CBG and 1.
1 million metric tonnes of organic fertiliser annually. Additionally, it will boost rural employment by creating 250,000 jobs while utilising 500,000 acres of barren and waste land in Prakasam, Anantapur, Chittoor, and Kadapa districts. Strategic Investment and Economic ImpactRIL has allocated Rs 139 crore for the initial phase, which will leverage innovative technology and Napier grass to produce bio-gas efficiently.
The total investment of Rs 65,000 crore will be rolled out across multiple plants, reinforcing India's commitment to clean energy and circular economy principles. Reliance Industries stated in an exchange filing, "The project will result in significant livelihood opportunities for the rural economy through lease revenues to farmers and a fixed price for the grass grown by them." Reliance’s Clean Energy Push and Future ProspectsThis initiative aligns with India's push towards sustainable energy and RIL’s broader net-zero emissions roadmap.
Given the increasing global focus on biofuels, the company’s CBG investments are expected to: Reduce dependency on fossil fuels Lower carbon emissions Support agricultural waste management With an annual revenue of Rs 10,00,122 crore, a cash profit of Rs 1,41,969 crore, and a net profit of Rs 79,020 crore (FY24), RIL continues to strengthen its position as a leader in energy transformation. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Budget 2025, Companies,Companies, Business Economy and around the world..
