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BCGCL conducts a pre-bid meet for coal gasification project
According to the government, Bharat Coal Gasification & Chemicals Ltd. (BCGCL) has scheduled its first pre-bid meeting for its first coal gasification project. In order to engage in the coal-to-chemicals industry, the state-owned Coal India (CIL) had previously established a subsidiary company, Bharat Coal Gasification and Chemicals Ltd. (BCGCL). The gathering, which took place in Nodia on Monday, offered a forum for questions, answers, chances for cooperation, and the sharing of crucial project details. According to a statement from the coal ministry, representatives from eight potential bidd..
NECIL looks to increase production in the Assam coal mine
Northeastern Coalfields (NECIL), a coal India business, is working to boost output from 0.2 million metric tonnes to 1.5 million tonne annually. NECIL operates one coal mine in the Margherita sub-division of Tinsukia district. At his office in Lok Sewa Bhawan, Guwahati, Chief Secretary Ravi Kota was visited by a group of top officials led by PM Prasad, Chairman and Managing Director of Coal India Limited (CIL). During the conversation, the Chief Secretary gave an update on the status of NECIL's current projects in Assam. Kota emphasised that in order to decrease coal imports and support key bu..
BOI will raise up to Rs 50 Bn via infrastructure bonds
Days after the State Bank of India (SBI) issued its infrastructure bonds, public sector lender Bank of India (BOI) intends to raise up to Rs 50 billion using the same instrument. According to BOI authorities, the proposed infra bond issue has been rated "AA+" by rating firm India Ratings. Later this week, the capital raising committee will get together to formalise the fundraising strategy. The state of the market would determine the precise amounts raised and when. The state-run lender looked into infra bonds because of SBI's higher fundraising rates as well as the rising need for funding fro..
