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Coal India inks joint venture agreement with BHEL

28 Feb 2024 Evaluate

Coal India has signed a joint venture agreement (JVA) with Bharat Heavy Electricals (BHEL) to form a Joint Venture Company to undertake Coal to Chemicals business by initially setting up a Coal to 2000 TPD Ammonium Nitrate Plant using BHEL’s in-house developed PFBG (Pressurized Fluidized Bed Gasification) technology.

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.


Peers
Company Name CMP
Coal India 403.20
NMDC 69.90
Ashapura Minechem 415.25
Sandur Manganese 184.30
GMDC 488.20
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