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.
Company Name | CMP |
---|---|
Coal India | 443.45 |
NMDC | 248.00 |
GMDC | 416.35 |
Sandur Manganese | 543.65 |
MOIL | 388.00 |
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