Business news · Corporate · 02 Oct 2026
IN Oil Gas & Consumable Fuels Capital Goods
Reliance Industries executive director Anant Ambani said on October 2 that the company plans to put Rs 1 lakh crore into compressed biogas plants in Andhra Pradesh, with a focus on the Rayalaseema region. He put the job creation at over 3 lakh and the revenue to the state at nearly Rs 60,000 crore over the coming decades. The announcement came at the foundation-stone ceremony for a horticulture hub and the Indian School of Agriculture in Madanapalle. The report gives no plant count, capacity or year-by-year spending schedule.
Compressed biogas is made from crop residue, dung and food waste and is sold as a substitute for natural gas in vehicles and industry, so the announcement touches three groups of listed companies: Reliance itself, whose new-energy spending it adds to; city gas distributors, which are the buyers and blenders of biogas; and makers of digesters, compressors, gas-purification equipment and cylinders that supply such plants. The direct effect for now is small. This is a stated intention spread over an undefined period, without capacity or commissioning dates, and the size of any equipment orders or gas offtake cannot be read from it.
Reported by Business Today ↗ on 02 Oct 2026.
NSE stocks, from the last close on or before 02 Oct 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Oil Gas & Consumable Fuels | 19 | +0.3% | 11 of 19 | +0.9 pts |
| Capital Goods | 126 | -2.6% | 35 of 126 | -1.9 pts |
| All tracked stocks | 804 | -0.6% | 356 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Reliance Industries Ltd. RELIANCE | ₹1,167.7 | ₹1,215 | +4.1% |
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