The Andhra Pradesh government signed a Memorandum of Understanding (MoU) with Reliance Industries for the establishment of 500 compressed biogas (CBG) plants with a total investment of around ₹65,000 crore (₹130 crore per plant). All the available wastelands will be utilised for the project. The deal was signed in the presence of Chief Minister N Chandrababu Naidu at the state secretariat on Tuesday.
The plants would create direct and indirect employment for around 2.50 lakh people with an estimated financial benefit of around ₹57,650 crore over a period of 25 years through State Goods and Service Tax collection, electricity duty and taxes on employment.
This story is from the November 13, 2024 edition of The Morning Standard.
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This story is from the November 13, 2024 edition of The Morning Standard.
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