Adani Group to invest $3.75 bn in coal gasification project

Adani Group said on Monday it would invest 250 billion rupees ($3.75 billion) in a coal gasification project.

New Delhi: Adani Group said on Monday it would invest 250 billion rupees ($3.75 billion) in a coal gasification project.

Adani said in a statement the project would be launched in Chhattisgarh, one of India`s poorest, where there is an abundant supply of poorer quality coal containing high ash.

It said it would also invest 2 billion rupees in a rice bran solvent extraction plant and a physical refinery packing plant in Chhattisgarh.

Headed by billionaire Gautam Adani, the Adani Group`s operations include coal mining, power plants, ports and logistics. 

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