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Government to Promote Rs 37,500 Crore Scheme to Boost Coal and Lignite Gasification

The Ministry of Coal is gearing up to organise a roadshow on Thursday to promote its newly launched Rs 37,500 crore incentive scheme to promote surface coal and lignite gasification projects. The initiative marks a significant step towards promoting coal gasification as a cleaner and value-added pathway for the efficient utilisation of the country's vast coal and lignite resources.

The roadshow is being organised as part of the ministry's continued efforts to accelerate the development of a robust coal gasification ecosystem in the country. The event will bring together policymakers, state officials, industry leaders, investors, technology providers, financial institutions, and other key stakeholders to deliberate on emerging opportunities, partnerships, and the future roadmap for coal gasification in India.

The scheme is expected to strengthen India's energy security and reduce dependence on imports of key commodities, such as LNG, urea, ammonia, and methanol. Furthermore, it is expected to play a major role in achieving the national target of gasifying 100 million tonnes (MT) of coal by 2030.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The roadshow is a key component of the ministry's efforts to promote the scheme and encourage investment in the sector. With a financial outlay of Rs 37,500 crore, the scheme has the potential to drive significant growth and development in the coal and lignite gasification industry.

CommodityCurrent DependenceExpected Reduction
LNGHighSignificant Reduction
UreaHighModerate Reduction
AmmoniaHighModerate Reduction
MethanolHighModerate Reduction

Investor Takeaway

The government's incentive scheme for coal and lignite gasification projects may attract investments and promote cleaner energy production.

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