Coal India Ltd.

Coal India has identified Deocha-Pachami block at Bankura district in West Bengal for its proposed foray into coal-to-liquid (CTL) project. The block has a huge reserve of 19 billion tonnes, which could be exploited for burning coal to form oil. The projected investment would be around Rs 45,000 crore which might be funded through a joint venture. SASOL and Lurgi were the two companies having the CTL technology. Setting up a CTL project would help the country to insulate itself from the volatility of internal crude prices.crackcrack