Coal India inks MoUs with 3 PSUs for chemical products

28 Sep 2022 CW Team

Easing the way for setting up of coal-to-chemicals projects through surface coal gasification (SCG), Coal India Ltd (CIL) has signed three major memorandums of understanding (MoUs) in New Delhi.

CIL will join hands with three other major public sector undertakings: Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd (IOCL) and GAIL (India) Ltd for setting up four SCG projects.

Through the SCG route, coal is converted into syngas that can be subsequently processed for downstream production of value-added chemicals. These are otherwise produced through imported natural gas or crude oil. Envisaged end products would be dimethyl ether, synthetic natural gas and ammonium nitrate.

The upside of the projects is reduced foreign exchange outgo and direct and indirect employment generation for 23,000 persons. With the twin objectives of self-reliance and energy independence, the Union Coal Ministry has set a target for achieving 100 million tonne of coal gasification by 2030.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..