Adani and RIL plan biogas foray, each to invest Rs 600 cr

Gautam Adani-led Adani New Industries (ANIL) and Mukesh Ambani-led Reliance Industries NSE -0.25 % (RIL) are planning to set up two compressed biogas (CBG) plants each, senior executives aware of the developparment said. ANIL plans to set up a 40-million tonne per annum (mtpa) plant in Uttar Pradesh and Gujarat, while RIL is still formalising the location for two similar capacity units. The companies will invest up to ₹500-₹600 crore each to build these units. “Adani and RIL NSE -0.25 % are both planning to enter the segment with multiple plants,” a senior executive at an oil marketing company said. ANIL and RIL did not respond to ET’s email seeking comment.