Ranchi: In a significant move towards diversifying its energy portfolio, Coal India has established a new company, Coal Gas India Limited, after receiving approval from its board. The new venture will focus on the emerging field of coal gasification. Coal India holds a majority stake of 51%, while GAIL (Gas Authority of India Limited) holds 49%. The initial share capital of the company has been set at Rs 11 crore.
To spearhead the company’s operations, three directors have been appointed on the basis of nominations. The appointees include Devashish Nanda, Director (Business Development) at Coal India, Niladri Rai, Director (Technical – Operations) at Eastern Coalfields Limited (ECL), and Dr. Piyush Kumar, GM (Business Development) at Coal India. The company’s registered office will be located at VT Center ECL in West Bengal, with the Business Development Department of Coal India serving as its nodal department.
The formation of Coal Gas India Limited marks Coal India’s foray into the coal gasification sector. The company is currently conducting research on converting coal into gas, with several projects nearing completion. The focus is on the commercial extraction of gas from coal, a move that could open new avenues for energy generation while addressing technical challenges in coal gasification.
This initiative represents Coal India’s broader strategy to explore alternative energy sources, expanding beyond its traditional role in coal extraction and contributing to the country’s energy diversification efforts.
