NTPC sole applicant in second round of coal gasification scheme
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓NTPC Ltd was the sole applicant in the second round of the coal gasification scheme that concluded on Tuesday.
- ✓While the first round saw five companies, this round showed limited interest.
- ✓Atanu Mukherjee said, "NTPC's continued participation is encouraging." The ministry has now started the third round for more firms.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The second round of applications for the coal gasification scheme saw participation from only NTPC Ltd. In contrast, the first round attracted five companies, highlighting a change in interest levels. The scheme aims to reduce import dependence while supporting the production of industrial feedstocks from domestic coal. NTPC's involvement is considered a positive sign amidst limited interest from other firms.
The second round of application under the coal gasification scheme saw response from only NTPC Ltd for two projects. The coal ministry had received applications from five companies in the first round under the scheme that has an outlay of Rs 37,500 crore.
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Economic Times
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