Investment4 Feb 2026, 05:14 pm
Coal India Ltd Approves Rs. 3189.54 Crores Investment in BCGCL
AI Summary
Coal India Ltd (CIL) has approved an investment of Rs. 3189.54 Crores in Bharat Coal Gasification and Chemicals Limited (BCGCL), a subsidiary of CIL. The investment will be made by way of subscription to Equity shares. BCGCL is a Joint Venture of CIL and BHEL, with CIL holding 51% and BHEL holding 49% equity. The investment aims to reduce import dependence and enhance the capacity of the Joint Venture.
Key Highlights
- Coal India Ltd approves Rs. 3189.54 Crores investment in BCGCL
- Investment to be made by way of subscription to Equity shares
- BCGCL is a Joint Venture of CIL and BHEL with 51% and 49% equity respectively
- Investment aims to reduce import dependence
- BCGCL has a capacity of 0.66 MMTPA