A Reliance Industries Limited arm has signed memoranda of understanding with the Haryana government to invest Rs 86.46 billion (bn) in a township project in Jhajjar. The agreements, executed in a formal ceremony, commit the firm to fund development works and initial capital expenditure for the project. The MoUs set out responsibilities for land use, basic services and phased implementation. The state government will provide necessary clearances and support.

The MoUs describe a mixed use township that will include residential and commercial components alongside community amenities and infrastructure. Project delivery is structured in phases with provisions for roads, water supply, drainage and power distribution to be integrated within the development plan. The agreements also address regulatory processes and mechanisms for coordination between the company and state agencies. Financial structuring and timelines are set out in the documents to guide implementation.

The investment scales the firm’s presence in township development and is aligned with broader commercial objectives. The financial value converts from the originally stated figure in local denominations and has been expressed to reflect the larger funding commitment in national currency terms. Stakeholders will proceed through statutory approvals and clearances as required under state and central regulations. The project documentation includes clauses on land acquisition safeguards and compliance with applicable planning norms.

Both parties have agreed to monitor progress through joint review mechanisms and to address infrastructure delivery in coordination with district authorities. The MoUs envisage phased mobilisation of resources and the establishment of institutional arrangements to oversee construction, service delivery and operational handover. The township project will proceed under established governance frameworks and will conform with environmental and land use regulations. Further announcements will follow as statutory milestones are completed and contractual stages are reached.