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

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RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh - Business Standard

Quick Summary:

The MoU was signed in the presence of Chief Minister Chandrababu Naidu at the state secretariat by representatives of RIL and senior officers of the state government.

However, he added, “the 20 per cent margin is absorbed at the oil marketing company (OMC) level, so anyone producing and selling CBG to OMCs will need to negotiate their own margins.

With 500 CBG plants, this move would accelerate and expand RIL’s earlier stated plans in this segment.