Coal India has received an approval from the government for setting-up of two coal gasification plants in West Bengal and Odisha. The Cabinet Committee on Economic Affairs (CCEA) has approved proposal for equity investment by Coal India (CIL) for setting up of Coal-to-SNG (Synthetic Natural Gas) Project at Eastern Coalfields (ECL) command area through a JV of CIL & GAIL and for setting up of Coal-to-Ammonium Nitrate Project at Mahanadi Coalfields (MCL) command area through a JV of CIL & BHEL.
Coal India will set up two Coal Gasification Plants with a view to achieve the target of 100 MT coal gasification by the year 2030 and to fulfil India’s dual objectives of self-reliance and energy independence. CIL has signed MoUs with GAIL for setting up of Coal-to-SNG Project at Sonepur Bazari Area of Eastern Coalfields in Burdwan district of West Bengal through JV of CIL & GAIL at an estimated project cost of Rs 13,052.81 crore (±25%) considering a debt:equity ratio of up to 70:30.
CIL has signed MoUs with BHEL for setting up of Coal-to-Ammonium Nitrate Project at Lakhanpur Area of Mahanadi Coalfields in Jharsuguda district of Odisha through a JV of CIL & BHEL, at an estimated project cost of Rs 11,782.05 crore (±25%) considering a debt:equity ratio of up to 70:30.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
| Company Name | CMP |
|---|---|
| Coal India | 386.75 |
| NMDC | 214.25 |
| GMDC | 325.75 |
| MOIL | 328.70 |
| Sandur Manganese | 406.20 |
| View more.. | |
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