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Five Firms Seek Support Under ₹37,500 Crore Coal Scheme

Five Firms Seek Support Under ₹37,500 Crore Coal Scheme
Adani, NTPC among five firms seeking support under ₹37,500 crore coal gasification scheme · thehindubusinessline.com

The government wants companies to turn coal and lignite into useful products.

It created a scheme offering support worth ₹37,500 crore.

Five companies have submitted seven applications.

Adani Enterprises submitted three proposals for making urea.

Other proposals involve urea, syngas, direct reduced iron and synthetic natural gas.

The government hopes the plan will attract large investments and create jobs.

It also wants to reduce imports of products such as urea, ammonia, methanol and LNG.

Officials will review the applications, and companies can submit more proposals during future application windows.

Key facts

Total scheme outlay
₹37,500 crore
Applications received
Seven applications from five companies
Proposed investment catalysed
₹2.53 trillion across about 25 projects
Expected employment
Around 50,000 direct and indirect jobs
Gasification target
100 million tonnes of annual capacity by 2030, including 75 million tonnes under the scheme
Second application window
Opened on September 8, with further windows every two months
Earlier programme
An ₹8,500 crore incentive programme approved in January 2024 has eight projects under implementation

Sources

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