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

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• Reliance Industries has proposed a Rs 2.73 lakh crore, 30-year investment to develop an underground coal gasification complex in Andhra Pradesh.
• The proposal comes as India tries to extract more value from its massive coal resource while reducing dependence on imported gas and chemical feedstocks.
• The Economic Times daily newspaper is available online now.

What happened

Meanwhile, the Economic Times daily newspaper is available online now. Ambani's Rs 2.7 lakh cr underground bet can save India from shocks. Ambani's Rs 2.7 lakh cr underground bet can save India from shocks. ET OnlineLast Updated: Aug 20, 2026, 02: 14: 00 PM IST.

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. Nevertheless, commercial viability, geological risks and UCG technology at scale remain major challenges.

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

The bottom line

For now, ambani' s ₹2.7 lakh cr underground bet can save India from shocks remains the part of the story worth watching, and further updates are likely as more details are confirmed.