Reliance Industries Limited has informed the Exchange regarding Media release by the Company, titled Reliance breaks ground on first of 500 CBG plants in Andhra Pradesh, plans to invest Rs. 65,000 crores in developing integrated CBG hubs in AP.
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Reliance Industries has started construction on the first of 500 Compressed Biogas (CBG) plants planned in Andhra Pradesh. The company plans to invest Rs. 65,000 crores to build integrated CBG hubs across the state. This marks Reliance's entry into the large-scale CBG segment, which produces clean fuel from agricultural and organic waste. The move aligns with India's push for cleaner energy alternatives and reducing dependence on fossil fuels. Andhra Pradesh is expected to be a major hub given its agricultural base and biogas feedstock availability.
This is a significant long-term capex commitment that signals Reliance's push into green energy, potentially creating a new revenue stream. Short-term impact on stock may be neutral, but strengthens the company's green energy narrative and could boost investor sentiment over time.