BPCL, Coal India Form JV for Maharashtra Coal Gasification Project

• BPCL board approved a joint venture with Coal India for a coal gasification project in Western Coalfields, Maharashtra.
• Coal India will hold a 51% stake in the JV, while BPCL will own the remaining 49%.
• The project aims to produce Synthetic Natural Gas (SNG) as an indigenous alternative to imported natural gas.
• This initiative will enhance India's energy security, reduce import dependence, and promote cleaner coal technologies.
• Definitive agreements, project cost, and investment details will be finalized after a detailed feasibility study and DPR.

Why It Matters: BPCL and Coal India partner to boost India's energy security with a new coal gasification project.