Eight potential bidders attended the first pre-bid meeting conducted by Bharat Coal Gasification and Chemicals Ltd. for its first coal gasification project.
Under the strategic direction of the Ministry of Coal, BCGCL had floated tenders for three Lump Sum Turnkey packages—LSTK-2 on May 30, and LSTK-3 and LSTK-4 on June 14. These tenders are aimed at finalising the Detailed Feasibility Report essential for the project's advancement, the government said in statement.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
BCGCL is a joint venture of Coal India Ltd. and Bharat Heavy Electricals Ltd. where the former holds 51% stake. The company has been formed to pursue coal-to-chemicals operation.
The coal gasification project, set to be established in the Lakhanpur area of Mahanadi Coalfields Ltd. in Odisha, has reached key milestones with the recent floating of tenders. The project is expected to cost around Rs 11,782 crore, and the entire project cost, including the preparation of a detailed feasibility report, is estimated at Rs 1,350 crore.
The gasification plant will be based on locally developed coal gasification technology by BHEL, which utilised the high ash coal from Lakhanpur Area to produce 0.66 million metric tonne per annum technical grade ammonium nitrate. The project also includes a cooling tower, steam generation plant, and coal handling plant.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
