Govt Targets 100 MT of Coal Gasification by 2030๐ชจ
๐ธThe government aims to achieve 100 million tons of coal gasification by 2030 to promote clean energy.
๐ธCoal will be transformed into gas or liquid forms for use in methanol, ammonia, and industrial processes.
๐ธFinancial allocation of โน8,500 crore , with a 50% revenue share rebate for commercial coal gasification projects.
๐ธCoal India & BHEL - Focus on ammonia and nitric acid production with a project cost of โน11,782 crore.
๐ธCoal India & GAIL - Developing coal-to-synthetic natural gas project worth โน13,053 crore in West Bengal.
๐ธInitiative to partially reduce oil, gas, fertilizer, and petrochemical imports.
๐ธWe have a positive view on Coal India driven by plans for 1000 MT production by FY26, robust demand, and investments in coal gasification.