Coal India, GAIL Form Joint Venture in West Bengal

Coal India Ltd (CIL) has announced a joint venture with GAIL (India) Ltd to establish a coal-to-synthetic natural gas project in West Bengal, where CIL will hold a 51% stake and GAIL 49%. The project aims to utilize coal gasification for sustainable energy production and will be registered as a private limited company with an initial paid-up share capital of ₹1 lakh. Both companies will have the right to nominate three executives as directors of the venture, which is part of CIL's broader strategy to achieve 100 MT coal gasification by 2030. The registered office will be located in West Bengal, specifically at Eastern Coalfield Limited in Bardhaman. This initiative follows the Cabinet Committee on Economic Affairs' approval earlier this year for similar projects involving CIL and other partners. Notably, CIL accounts for over 80% of domestic coal output in India, reflecting its significant role in the energy sector.