Greater Noida (Business Desk): Jindal Steel and Power Ltd (JSPL) and two other entities have received Rs 1,983.06 crore under a financial incentive scheme from the government to promote coal and lignite gasification.
Ministry of Coal informed in a statement that JSPL secured a financial assistance of Rs 569.05 crore for its 2 million tonne per annum (MTPA) coal gasification project in Angul, Odisha. A financial incentive of Rs 1,000 crore has been granted for New Era Cleantech’s coal gasification project in Bhadravati, Chandrapur, Maharashtra.
Ministry of Coal further said, “the project being set up at an overall cost of Rs 3,793 crore will convert coal into Direct Reduced Iron (DRI) through coal gasification while also setting up a carbon capture and utilization plant designed to capture 30 TPD (tonne per day) of CO2 for conversion into valuable products.”
“With total project cost of Rs 6,976 crore, it aims to produce 0.33 MTPA of ammonium nitrate and 0.1 MTPA of hydrogen. The project will implement Carbon Capture, Utilization, and Storage (CCUS) technology, where captured CO2 will be utilized for methanol production,” it added.
