Reliance plans ₹1 lakh crore CBG investment in Andhra Pradesh, eyes 3 lakh jobs
Reliance Industries is in focus.
· Business Today Mkts, BS Companies, LiveMint Companies
Reliance Industries is stepping up its clean-energy push in Andhra Pradesh with a proposed ₹1 lakh crore investment in compressed biogas plants. The projects are expected to create more than 3 lakh jobs while supporting the state’s energy and rural economy.
The analysis
Reliance Industries reported ₹1 lakh crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
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