RIL to invest Rs 65,000 crore in Andhra Pradesh for 500 biogas plants

18 Nov 2024 CW Team

Reliance Industries Limited (RIL) has announced a major investment of Rs 65,000 crore in Andhra Pradesh to set up 500 compressed biogas (CBG) plants over the next five years. This marks RIL's largest clean energy investment outside Gujarat. Each biogas plant will involve an investment of Rs 130 crore and will be developed on wasteland across the state.

The project is expected to generate 250,000 jobs, both direct and indirect, according to state government estimates. The memorandum of understanding (MoU) for the investment will be signed between RIL and the Andhra Pradesh industries department, with state officials, including Chief Minister N Chandrababu Naidu, in attendance.

The Andhra Pradesh government is offering a range of incentives under its integrated clean energy policy, including capital subsidies and reimbursements for SGST and electricity duties for five years. RIL's initiative is expected to rejuvenate wasteland and train farmers in cultivating energy crops, providing them with increased income. Projections suggest that farmers could earn an additional Rs 30,000 per acre annually.

The investment in 500 CBG plants is expected to provide significant financial benefits to the state, with estimates putting the total benefits at Rs 57,650 crore over 25 years through tax collection, employment, and other contributions.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..