CIL ties up with three PSUs over surface gasification projects

13 Oct 2022 CW Team

Coal India (CIL) has signed agreements with three public sector undertakings – Bharat Heavy Electricals (BHEL), Indian Oil Corporation, and GAIL (India) – to set up four surface gasification projects. It aims to gasify 100 million tonne (mt) of coal into syngas for use in downstream production of value added chemicals in the next eight years in order to reduce import of crude oil which is otherwise used to produce syngas.

Syngas is synthesis gas, a mixture of carbon monoxide, carbon dioxide, and hydrogen. The projects would reduce forex outgo and create around 23,000 jobs, the coal ministry said. This gasification of 100 mt coal will happen in three phases.

In the first phase from 2020-2024, 4 mt will be gasified with an investment of Rs 20,000 crore. In the second phase from 2020-2026, six mt involving an investment of Rs 30,000 crore and 90 mt in the third phase from 2022-2030 at an investment of Rs 3.6 lakh crore.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..