Author: PPD Team Date: 07/02/2025
The Ministry of Coal has announced the selected applicants under Category II of the Financial Incentive Scheme, a key part of India’s coal gasification program. With an Rs 85 billion financial outlay, the scheme aims to accelerate coal gasification, lower carbon emissions, enhance energy security, and promote sustainable development.
Launched on January 24, 2024, the scheme supports private firms and public sector undertakings (PSUs) in developing coal gasification projects. The Request for Proposals (RFP) for Category-II was issued on May 15, 2024, with technical bids opened on January 10, 2025. The selected companies are:
- Jindal Steel and Power Limited
- New Era Cleantech Solution Pvt. Ltd.
- Greta Energy Limited
Additionally, the ministry has issued vesting orders for seven coal mines under the commercial coal mine auctions. The allocated mines are Gawa (East), Gare Palma IV/5, Marwatola South, New Patrapara South, Sarai East (South), Bartap (Revised), and Kerendari BC North. These mines, including fully and partially explored blocks, have a combined peak rated capacity of 13.10 million tonnes per annum and geological reserves of approximately 3,308 million tonnes.
The allocated mines are expected to generate annual revenue of Rs 13.27 billion and attract a capital investment of Rs 19.65 billion.