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Coal India to sign agreements with BHEL, IOCL and GAIL

24 Sep 2022 Evaluate

Coal India (CIL) is planning to sign agreements with three public sector enterprises -- Bharat Heavy Electricals (BHEL), Indian Oil Corporation (IOCL) and GAIL (India) in order to set up four surface gasification projects. Through gasification process, coal is converted into syngas -- a fuel gas -- which can be used in downstream production of value added chemicals.

The government aims to achieve 100 million tonnes of coal gasification in the next eight years in order to reduce the import of crude oil which is otherwise used to produce syngas. The proposed projects would reduce forex outgo and create around 23,000 jobs.

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.

Coal India Share Price

413.65 0.95 (0.23%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 413.65
NMDC 85.24
GMDC 582.40
Sandur Manganese 205.65
MOIL 278.60
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