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RIL to pour Rs 55,000 cr in AP

Monday, 26 Feb 2018
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Reliance Group has decided to pump over Rs 55,000 crore in electronics and oil and gas sectors of Andhra Pradesh.

Other key energy firms that have agreed to invest in Andhra Pradesh include International Renewable Energy, Greenko Energies and ReNew Power Ventures, among others.

India Gas Solutions, an equal joint venture between Reliance Industries and British Petroleum (BP), has pledged to invest Rs 40,000 crore in the oil and gas sector.

Another Reliance Group entity--Reliance Infocomm--has signed an agreement to invest more than Rs 15,000 crore to set up an electronics park spread over 150 acre at Tirupati to make mobile handsets and set top boxes.

Reliance Group has also agreed to invest in the fields of digital infrastructure, citizen services and industrial development.

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