Coal Ministry mulls Rs 60-bn coal gasification plan

17 Jul 2023 CW Team

The government is contemplating a scheme worth Rs 60 billion to promote coal gasification in India. The Ministry of Coal stated that the implementation of gasification technology in India would bring about a revolutionary change in the coal sector by reducing dependence on imports of natural gas, methanol, ammonia, and other essential products.

The ministry added that they were considering a comprehensive scheme to encourage coal/lignite gasification projects for both the public and private sectors, with a budget of Rs 60 billion. The selection of entities for the coal/lignite gasification scheme would be conducted through a competitive and transparent bidding process.

The plan consists of two segments. The first segment involves providing support to Public Sector Undertakings (PSUs), while the second segment includes both the private sector and PSUs, with a budget allocation for each project.

The selection of at least one project under the second segment would be determined through a tariff-based bidding process, with the criteria being formulated in consultation with Niti Aayog.

The third segment focuses on offering budgetary support for demonstration projects that utilise indigenous technology and/or small-scale product-based gasification plants.

Additionally, the ministry stated that they were contemplating an incentive to reimburse the Goods and Services Tax (GST) compensation cess on coal utilized in gasification projects for a period of 10 years after the commercial operational date (COD), on the condition that the GST compensation cess is extended beyond FY27. This incentive aims to offset the entities' inability to claim the input tax credit for the same.

The ministry has set a target of achieving coal gasification of 100 million tonnes (MT) of coal by FY 2030.

Also read:
India to cease coal imports by 2025: Pralhad Joshi
SECL to develop closed coal mine in Korba District as Eco-Tourism

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..