Reliance Industries Share Price in Focus as ₹43,000 Crore Andhra Pradesh Coal Gasification Plan Emerges

Reliance Industries is planning a large underground coal gasification project in Andhra Pradesh, with about ₹43,000 crore proposed for the first two stages, as per a Reuters report. 

The project would focus on deep coal reserves. Instead of extracting the coal through conventional mining, the proposed technology would convert it into usable gas underground. 

The First Step Will Be Smaller 

The plan is expected to start with an investment of around ₹3,000 crore. 

This phase will cover exploration, geological assessments and pilot demonstrations. The work will be used to establish whether the project is technically and commercially feasible. 

The Bigger Investment Comes Later 

A second phase with an initial investment of about ₹40,000 crore has been planned. 

However, that investment would come only after the first phase is completed successfully and the project receives the necessary approvals. 

Long-Term Investment Could Be Much Higher 

The government document cited in the source puts the project's potential lifetime investment at as much as ₹2.7 trillion. 

It could also create around 5,000 direct jobs and 35,000 indirect jobs over the life of the project. 

Andhra Pradesh Sees More Large Investment Plans 

The Reliance proposal comes at a time when several major projects are being planned in Andhra Pradesh. 

The source also mentions Google's proposed $15 billion AI hub, planned $11 billion investment in data centre capacity involving Reliance and its joint venture partners, and Kia India's plan to invest about $2 billion in an additional manufacturing plant.  

Read More: Ola Asked to Remove Pre-Ride Payment Prompts After ₹10 Lakh CCPA Penalty! 

Reliance Industries Share Price Performance  

As of 12 November 2026, at 2:35 PM, Reliance Industries Limited share price is trading at ₹1,334.10 per share, reflecting a decline of 0.097% from the previous trading session. 

Conclusion 

The proposed project is still planned as a phased development. Reliance will first carry out exploration and pilot work before deciding on the larger investment stage based on the results of the initial phase.  

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