Coal Ministry to hold roadshow on surface coal, lignite gasification projects on May 28 Image: PSU Watch Archive
News Updates

Coal Ministry to hold roadshow on surface coal, lignite gasification projects on May 28

The Ministry of Coal will organise a roadshow in New Delhi on May 28 to promote surface coal and lignite gasification projects

PSU Watch Bureau

New Delhi: The Ministry of Coal will organise a roadshow in New Delhi on May 28 to promote surface coal and lignite gasification projects under a newly launched scheme with a financial outlay of Rs 37,500 crore.

Follow The PSUWatch Channel on WhatsApp

The event will be attended by Union Coal and Mines Minister G. Kishan Reddy and Minister of State for Coal and Mines Satish Chandra Dubey, along with senior ministry officials including Coal Secretary Vikram Dev Dutt.

According to the ministry, the roadshow aims to accelerate the development of a robust coal gasification ecosystem in the country by bringing together policymakers, industry leaders, investors, technology providers and financial institutions.

The scheme is aimed at supporting India’s target of gasifying 100 million tonnes of coal by 2030 and is expected to reduce dependence on imports of LNG, urea, ammonia and methanol while strengthening the country’s energy security.

The ministry said the initiative is likely to mobilise investments worth Rs 2.5 lakh crore to Rs 3 lakh crore and generate nearly 50,000 direct and indirect employment opportunities across around 25 projects in coal-bearing regions.

Follow PSU Watch on LinkedIN

It added that utilisation of 75 million tonnes of coal and lignite under the scheme could generate annual revenue of nearly Rs 6,300 crore, apart from additional downstream revenue through GST and other levies.

The ministry noted that the new scheme builds upon the National Coal Gasification Mission launched in 2021 and the Rs 8,500-crore coal gasification schemes approved in January 2024, under which eight projects are already under implementation.

(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.)

Finland courts Indian circular economy partners ahead of Gandhinagar WCEF

India's crude oil import bill jumps 56.5% to $63.4 bn in April-July as volumes stay flat

PM Modi assures support to space startups, urges them to develop solutions for everyday needs

Bengaluru Airport: AERA slashes user development fee to Rs 300 for domestic passengers

Govt says 29 FDI proposals worth Rs 4,895.65 crore reported after easing 10% Chinese stake rule