Bharat Petroleum Corporation (BPCL) has received approval from Board of Directors for formation of Joint Venture Company with M/s. Coal India for setting up Coal Gasification Project at Western Coal fields, Maharashtra, subject to regulatory approvals. The consideration for subscription of share capital will be finalized at the time of signing definitive agreement or when Final Investment Decision is taken by Board post completion of Detailed Feasibility Study, whichever is later.
This collaboration aims to leverage coal India’s strength in domestic coal production and BPCL’s expertise in refining and gas marketing. The proposed project will produce synthetic natural gas (SNG), which will serve as an indigenous alternative to imported natural gas. This initiative not only promotes the use of clean coal technologies but also enhances energy security, reduces import dependence, and supports sustainable industrial growth in India.
BPCL will hold 49 percent, while Coal India will hold 51 percent in the joint venture. The Board of Directors of Bharat Petroleum Corporation at its meeting held on December 18, 2025 has approved the same.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
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