BPCL's JV with Coal India Limited for Gasification Project in Maharashtra
18th December 2025
Bharat Petroleum Corporation Limited (BPCL) has intimated that its Board of Directors at its meeting held on 18th December 2025 has approved formation of Joint Venture Company with M/s. Coal India Limited for setting up Coal Gasification Project at Western Coal fields, Maharashtra, subject to regulatory approvals
The terms and conditions of definitive agreements and other details viz the total project cost, investment by JV partners etc. would be available only after the completion of project feasibility study and Detailed Project Report. These details will be intimated once finalized
Shareholding pattern of proposed JV company shall be BPCL : 49% / CIL : 51%
This collaboration aims to leverage CIL’s strength in domestic coal production and BPCL’s expertise in refining and gas marketing. The proposed project will produce synthetic natural gas (SNG), which will serve as an indigenous alternative to imported natural gas. This initiative not only promotes the use of clean coal technologies but also enhances energy security, reduces import dependence, and supports sustainable industrial growth in India