Cabinet approves Rs 8,500 crore incentive scheme for coal gasification projects PSU Watch
News Updates

Cabinet approves Rs 8,500 crore incentive scheme for coal gasification projects

The Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects

PSU Watch Bureau

New Delhi: The Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said.

The adoption of gasification technology in India is expected to reduce the country's reliance on imports of natural gas, methanol, ammonia and other essential products.

Public Sector's voice PSU Watch is now on Whatsapp Channels. Click here to join

The cabinet has given its go-ahead to Rs 8,500 crore incentive scheme for coal gasification projects, the sources said.

The government is targeting to gasify 100 million tonnes (MT) of coal by 2030.

In gasification process, coal is partially oxidised by air, oxygen, steam, or carbon dioxide under controlled conditions to produce a liquid fuel known as syngas. Syngas or synthesis gas can be used for power generation and to make methanol as well.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

At least 10 killed, 20 injured in explosion near Red Fort; PM Modi reviews situation with Amit Shah

OMC MD reviews operations at Barbil iron ore mines

FM Sitharaman meets leading economists on FY27 Budget

TRAI to review of interconnection regulations; floats discussion paper

HUDCO Q2 profit rises by 3% to Rs 710 crore, to become net zero NPA company in next 15 months