The Ministry of Coal has selected three companies - Jindal Steel and Power Ltd., New Era Cleantech Solution Pvt. Ltd., and Greta Energy Ltd. for receiving financial incentive under Category-II of the scheme, a major step in India’s ambitious coal gasification program. 

With Rs. 8,500 crore financial outlay, the scheme is designed to accelerate coal gasification, reduce carbon emissions, enhance energy security, and promote sustainable development. 

Launched on January 24, 2024, the scheme encourages both private companies and government PSUs to undertake coal gasification projects. The Request for Proposals (RFP) for Category-II was issued on May 15, 2024, and technical bids were opened on January 10, 2025. 

This initiative is an essential part of India’s strategy to achieve 100 million tonnes of coal gasification by 2030. The growing industry participation in this bidding process highlights the increasing momentum around coal gasification technologies, signalling a positive shift in India’s energy landscape and its transition from conventional coal use. 

The successful completion of this bidding process further reinforces the Ministry of Coal’s vision of a greener and more energy-efficient coal industry.