Axis Energy eyes Rs. 30,000 crore investment in underground coal gasification
Mining
May 07,2026
Axis Energy is exploring investments of around Rs. 30,000 crore in underground coal gasification projects, signalling renewed interest in alternative energy extraction technologies.
Underground coal gasification enables conversion of coal into gas without conventional mining, potentially reducing surface disruption and extraction costs.
The proposed investment comes at a time when India is exploring diversified energy strategies to balance industrial demand and energy security.
If implemented at scale, the projects could contribute to domestic gas production and reduce import dependence.
The initiative also highlights increasing private sector participation in unconventional energy technologies.
Company :
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Axis Energy