New coal gasification project launched in Maharashtra
pre-market1 source ↓written by the desknot a recommendation
- an investment
- ₹20,000 cr
New Era Cleantech Solutions has initiated the development of India's first greenfield Integrated Coal Gasification and Carbon Capture Complex in Chandrapur, Maharashtra, with an investment of ₹20,000 cr. This facility aims to process over 5 million metric tonnes of coal annually, producing essential chemicals and enhancing India's energy security amid global supply disruptions.
The project is significant as it seeks to reduce dependence on imported fuels and chemicals, potentially impacting the energy and chemicals sectors positively.
Not investment advice. For informational purposes only.