Coal ministry picks applicants for Rs 85 billion gasification scheme

04 Dec 2024 CW Team

The Ministry of Coal recently announced the selected applicants for its Rs 85 billion Coal Gasification Incentive Scheme under Categories I and III. This initiative is part of the government’s efforts to promote cleaner energy solutions and achieve India’s target of 100 million tonnes of coal gasification by 2030.

Under Category I, Bharat Coal Gasification and Chemicals, along with Coal India Limited (both independently and as part of the CIL-GAIL Consortium), have been chosen. Meanwhile, New Era Cleantech Solution has been selected under Category III.

The Union Cabinet-approved scheme focuses on providing financial incentives for coal and lignite gasification projects to reduce carbon emissions, encourage sustainable energy practices, and drive innovation in clean coal technologies.

Category I: Targeted at government PSUs and joint ventures involving PSUs, with Bharat Coal Gasification and Chemicals and Coal India selected.

Category III: Geared towards demonstration projects and small-scale product-based plants, with New Era Cleantech Solution chosen.

The ministry revealed that five applications were submitted under these categories, reflecting the increasing interest in coal gasification technologies. Officials confirmed the successful completion of the selection process, marking progress in India’s transition to cleaner coal solutions.

With a budget of Rs 85 billion, the scheme plays a vital role in India’s energy transition strategy. It aims to advance cleaner coal technologies, generate thousands of jobs, and significantly reduce the nation’s carbon footprint by utilizing domestic coal resources. The initiative also aligns with India’s commitment to climate goals and the development of sustainable energy solutions.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..